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Roku CEO Anthony Wood collected a total pay package of $20.2 million in 2023, according to the company’s latest proxy filing.
Charlie Collier, the veteran former TV exec who now leads Roku Media, got $6.8 million. The tally was far below the $53.3 million he took home in 2022, with the bulk of that payday coming in the form of stock options and a stock award vesting over four years. Collier left his previous role as CEO of Fox Entertainment to join Roku in September 2022. Among his duties at the streaming provider is overseeing the company’s roster of original programming, with breakout titles including the recent series Spiderwick Chronicles.
Wood made a base salary of $1.2 million, with the rest primarily consisting of stock and options awards.
CFO Dan Jedda, who joined the company last May, received a total of about $18 million. Steve Loudon, his predecessor, got $7.8 million for a partial year of service,...
Charlie Collier, the veteran former TV exec who now leads Roku Media, got $6.8 million. The tally was far below the $53.3 million he took home in 2022, with the bulk of that payday coming in the form of stock options and a stock award vesting over four years. Collier left his previous role as CEO of Fox Entertainment to join Roku in September 2022. Among his duties at the streaming provider is overseeing the company’s roster of original programming, with breakout titles including the recent series Spiderwick Chronicles.
Wood made a base salary of $1.2 million, with the rest primarily consisting of stock and options awards.
CFO Dan Jedda, who joined the company last May, received a total of about $18 million. Steve Loudon, his predecessor, got $7.8 million for a partial year of service,...
- 4/26/2024
- by Dade Hayes
- Deadline Film + TV
![Image](https://m.media-amazon.com/images/M/MV5BNDAxNzMyYjUtYjhjNi00MTFkLWJiMmQtMjNlNTE4NDFhNDRmXkEyXkFqcGdeQXVyMTE0MzQwMjgz._V1_QL75_UX500_CR0,26,500,281_.jpg)
Anthony Wood, founder, chairman and CEO of Roku, had a pay package worth just over $20.2 million in 2023, while Roku’s media boss, Charlie Collier, received $6.8 million in salary.
Wood’s compensation last year included salary of $1.2 million, stock awards worth $7.57 million and stock option awards valued at $11.43 million, according to Roku’s proxy statement filing Friday with the SEC. It was 3.7% below his overall $21 million package in 2022.
Collier’s 2023 compensation included salary of $6.825 million and $18,825 worth of medical and life insurance premiums paid by the company. Collier opted to forego $1 million of his salary 2023 in exchange for monthly grants of vested stock options at an intended valuation of that amount.
For 2022, Collier’s pay package was worth $53.3 million — most of it in stock equity awards and stock options that vest over a period of four years, subject to the exec remaining employed with Roku. In 2022, Collier left his post as...
Wood’s compensation last year included salary of $1.2 million, stock awards worth $7.57 million and stock option awards valued at $11.43 million, according to Roku’s proxy statement filing Friday with the SEC. It was 3.7% below his overall $21 million package in 2022.
Collier’s 2023 compensation included salary of $6.825 million and $18,825 worth of medical and life insurance premiums paid by the company. Collier opted to forego $1 million of his salary 2023 in exchange for monthly grants of vested stock options at an intended valuation of that amount.
For 2022, Collier’s pay package was worth $53.3 million — most of it in stock equity awards and stock options that vest over a period of four years, subject to the exec remaining employed with Roku. In 2022, Collier left his post as...
- 4/26/2024
- by Todd Spangler
- Variety Film + TV
![Image](https://m.media-amazon.com/images/M/MV5BNjI5OTFlNTktNzdmNC00ZDM3LThlODktZmY0MTdkZGY3OGE0XkEyXkFqcGdeQXVyMTE0MzQwMjgz._V1_QL75_UY281_CR19,0,500,281_.jpg)
The home screen of a Roku device. (Graphic by The Desk)
Roku will not stop offering its low-cost streaming devices and smart TVs in Walmart stores, even though the retailer has plans to acquire a rival connected TV manufacturer, a company executive affirmed this week.
Speaking at an investor event held by KeyBanc on Wednesday, Roku’s Chief Financial Officer Dan Jedda said the company was “not surprised” and “very prepared” when Walmart affirmed it was buying Vizio for $2.3 billion last month.
Roku and Vizio compete in the streaming TV space in two big ways: With a suite of TV-based products that connect film and TV fans to streaming service providers and content, and a robust digital advertising business that is quickly eclipsing hardware sales at both companies.
Walmart’s acquisition of Vizio is viewed as capitalizing on the latter point — a way for the retailer to expand its digital...
Roku will not stop offering its low-cost streaming devices and smart TVs in Walmart stores, even though the retailer has plans to acquire a rival connected TV manufacturer, a company executive affirmed this week.
Speaking at an investor event held by KeyBanc on Wednesday, Roku’s Chief Financial Officer Dan Jedda said the company was “not surprised” and “very prepared” when Walmart affirmed it was buying Vizio for $2.3 billion last month.
Roku and Vizio compete in the streaming TV space in two big ways: With a suite of TV-based products that connect film and TV fans to streaming service providers and content, and a robust digital advertising business that is quickly eclipsing hardware sales at both companies.
Walmart’s acquisition of Vizio is viewed as capitalizing on the latter point — a way for the retailer to expand its digital...
- 3/7/2024
- by Matthew Keys
- The Desk
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Roku will cut more than 300 staffers — laying off 10% of its workforce — as the streaming-platform company continues its battle to control costs.
In addition, Roku will remove certain licensed and owned content from its platform as part of a “strategic review of its content portfolio,” resulting in an impairment charge of up to $65 million in the current quarter, the company disclosed in an SEC filing Wednesday.
Other cost-cutting measures Roku outlined are consolidating office space and reducing outside services expenses. The goal is to reduce year-over-year operating expense growth rate, the company said.
Roku’s stock price jumped more than 9% in early trading Wednesday on the cost-cutting announcement.
The layoffs represent Roku’s third round of job cuts in less than a year, after it pink-slipped 200 staffers in November 2022 and another 200 in March 2023. As of the end of 2022, Roku had approximately 3,600 full-time employees. The company, in addition to the layoffs, said...
In addition, Roku will remove certain licensed and owned content from its platform as part of a “strategic review of its content portfolio,” resulting in an impairment charge of up to $65 million in the current quarter, the company disclosed in an SEC filing Wednesday.
Other cost-cutting measures Roku outlined are consolidating office space and reducing outside services expenses. The goal is to reduce year-over-year operating expense growth rate, the company said.
Roku’s stock price jumped more than 9% in early trading Wednesday on the cost-cutting announcement.
The layoffs represent Roku’s third round of job cuts in less than a year, after it pink-slipped 200 staffers in November 2022 and another 200 in March 2023. As of the end of 2022, Roku had approximately 3,600 full-time employees. The company, in addition to the layoffs, said...
- 9/6/2023
- by Todd Spangler
- Variety Film + TV
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Roku pared down its operating losses in the first quarter of 2023 to $212.5 million, after several quarters of growing losses.
This is an improvement from its Q4 operating losses of $249.9 million, and comes after Roku had set out a plan to tighten expenses moving forward, with a plan to reach positive adjusted earnings before interest, taxes, depreciation and amortization in 2024.
Total active accounts inched up to 71.6 million from 70 million in the previous quarter. Streaming hours reached 25.1 billion, up 4.2 billion hours or 20 percent year-over-year, and above the 23.9 billion in the previous quarter.
Roku reported total net revenue of $741 million, above their guidance of $700 million and net income loss of $193.6 million, compared to their guidance of a loss of $205 million.
As part of its plan to tighten expenses, and amid a difficult ad environment, at the end of March, Roku announced it would cut another 200 jobs, or about 6 percent of its workforce, after...
This is an improvement from its Q4 operating losses of $249.9 million, and comes after Roku had set out a plan to tighten expenses moving forward, with a plan to reach positive adjusted earnings before interest, taxes, depreciation and amortization in 2024.
Total active accounts inched up to 71.6 million from 70 million in the previous quarter. Streaming hours reached 25.1 billion, up 4.2 billion hours or 20 percent year-over-year, and above the 23.9 billion in the previous quarter.
Roku reported total net revenue of $741 million, above their guidance of $700 million and net income loss of $193.6 million, compared to their guidance of a loss of $205 million.
As part of its plan to tighten expenses, and amid a difficult ad environment, at the end of March, Roku announced it would cut another 200 jobs, or about 6 percent of its workforce, after...
- 4/26/2023
- by Caitlin Huston
- The Hollywood Reporter - Movie News
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The biggest bank failure since the financial crisis more than 15 years ago has hit streaming giant Roku.
In an SEC filing Friday, the company disclosed that 26% of its cash was held at Silicon Valley Bank, and the funds were “largely uninsured.” The 16th largest bank in the U.S., with more than $200 billion in assets, Svb collapsed earlier in the day and was taken over by the Federal Deposit Insurance Corp. It ranks as the second-largest bank failure in U.S. history after Washington Mutual in 2008.
Roku’s filing says the Fdic has told those with insured funds at the bank that they will have full access to their insured deposits no later than Monday morning. Uninsured depositors, meanwhile, will receive an “advance dividend” over the next week. “Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds,” according to the filing. “As the Fdic sells the assets of Svb,...
In an SEC filing Friday, the company disclosed that 26% of its cash was held at Silicon Valley Bank, and the funds were “largely uninsured.” The 16th largest bank in the U.S., with more than $200 billion in assets, Svb collapsed earlier in the day and was taken over by the Federal Deposit Insurance Corp. It ranks as the second-largest bank failure in U.S. history after Washington Mutual in 2008.
Roku’s filing says the Fdic has told those with insured funds at the bank that they will have full access to their insured deposits no later than Monday morning. Uninsured depositors, meanwhile, will receive an “advance dividend” over the next week. “Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds,” according to the filing. “As the Fdic sells the assets of Svb,...
- 3/10/2023
- by Dade Hayes
- Deadline Film + TV
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![Elaine Paul](https://m.media-amazon.com/images/M/MV5BMTk0Mzg5MTM5NV5BMl5BanBnXkFtZTgwNTI3OTQ0MzI@._V1_QL75_UY207_CR8,0,140,207_.jpg)
Elaine Paul has departed Hulu after nearly six years as chief financial officer to join Amazon Studios as CFO/VP of finance. She started at the ecommerce company’s studio division on July 15, reporting to Dan Jedda, VP of digital, advertising and corporate development finance for Amazon, a company rep said.
Paul’s move to Amazon, first reported by The Information, comes after Disney cut a deal with Comcast to gain full operational control of Hulu (and eventually buy out Comcast’s stake in the streaming venture). Hulu has launched a search for a new CFO.
Meanwhile, Doug Hott, who served as Amazon Studios’ head of finance, strategy and business development since 2015, has left the company, the rep confirmed. Hott’s exit was reported previously by THR.
Prior to joining Hulu in 2013, Paul worked at Disney for 19 years, most recently as Svp of corporate strategy, business development and technology. In that role,...
Paul’s move to Amazon, first reported by The Information, comes after Disney cut a deal with Comcast to gain full operational control of Hulu (and eventually buy out Comcast’s stake in the streaming venture). Hulu has launched a search for a new CFO.
Meanwhile, Doug Hott, who served as Amazon Studios’ head of finance, strategy and business development since 2015, has left the company, the rep confirmed. Hott’s exit was reported previously by THR.
Prior to joining Hulu in 2013, Paul worked at Disney for 19 years, most recently as Svp of corporate strategy, business development and technology. In that role,...
- 7/19/2019
- by Todd Spangler
- Variety Film + TV
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