- Warner Bros. Discovery Inc. CEO David Zaslav earned $49.7 million in 2023.
- Zaslav’s compensation elevated regardless of actors’ and writers’ strikes, topping his 2022 earnings.
- Warner Bros. reported losses for the yr regardless of Zaslav’s elevated compensation.
In a yr when hundreds of writers and actors had been preventing for larger paychecks, one media mogul earned huge.
The CEO of Warner Bros. Discovery Inc., David Zaslav, raked in a pay package deal price $49.7 million in 2023, in line with a regulatory submitting launched Friday.
Regardless of each the actors’ and writers’ strikes that lasted practically 4 and 5 months respectively, Zaslav’s pay for the yr went up.
In 2023, his whole compensation elevated 26.5% from the yr prior. It included $3 million in base pay, mixed with greater than $23 million in inventory awards and a $22 million money bonus, together with $1.6 in further compensation, the submitting exhibits.
However Zaslav’s compensation in 2022 and 2023 remains to be modest in comparison with what he earned in 2021, when he was answerable for Discovery Inc. earlier than its merger with WarnerMedia. That yr, his pay package deal topped practically $246.6 million.
On the similar time, Warner Bros. as an organization misplaced cash for the yr regardless of producing about $1 billion extra revenue than anticipated, due to prices saved from TV and movie manufacturing being halted through the strikes, The Wall Avenue Journal reported.
In the meantime, hundreds of placing actors and writers went and not using a paycheck as they struggled to pay the payments and fought again towards an trade that hardly trickled the earnings down to them.
