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
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
Roku devices have the ability to reach 120 million people each day, and the company wants to use that opportunity to deliver more ads.
Roku wants to take the term “ad-supported” to another level. The company held its quarterly earnings conference call on Thursday, and revealed that 81.6 million households used a Roku device or smart TV to stream video in the first three months of the year. As part of the report, company CEO Anthony Wood laid out ideas for how the company would increase revenues in 2024. Unsurprisingly, advertising will be an important centerpiece of that strategy, and Wood provided some details on what Roku users can expect from their ad experience going forward.
Key Facts: Roku wants to embed video ads on its home screen, similar to the autoplay ads that came to Fire TVs in 2023. Home screen experiences can also be used to deliver more customized ads to viewers.
Roku wants to take the term “ad-supported” to another level. The company held its quarterly earnings conference call on Thursday, and revealed that 81.6 million households used a Roku device or smart TV to stream video in the first three months of the year. As part of the report, company CEO Anthony Wood laid out ideas for how the company would increase revenues in 2024. Unsurprisingly, advertising will be an important centerpiece of that strategy, and Wood provided some details on what Roku users can expect from their ad experience going forward.
Key Facts: Roku wants to embed video ads on its home screen, similar to the autoplay ads that came to Fire TVs in 2023. Home screen experiences can also be used to deliver more customized ads to viewers.
- 4/26/2024
- by David Satin
- The Streamable
Despite a fourth-quarter earnings beat, growing engagement on the streaming platform to 80 million active accounts, Roku’s stock tumbled more than 20 percent a day after the Feb. 15 earnings announcement.
While some analysts continue to believe Roku is just facing some growing pains amid a recovering advertising market, others think the company is now at a turning point in the streaming wars.
“Recently, we believe that there is a strong and growing body of evidence that supports the view that Roku is at the precipice of being squeezed by the emergence of challengers on all flanks,” MoffettNathanson analyst Michael Nathanson wrote.
This view comes as Roku faces increasing competition on the streaming advertising side, with growth in the new ad-supported offerings from Netflix and Disney and free, ad-supported offerings such as Pluto and Tubi. Amazon’s rollout of advertising in late January to all of its Prime Video viewers adds another strong competitor.
While some analysts continue to believe Roku is just facing some growing pains amid a recovering advertising market, others think the company is now at a turning point in the streaming wars.
“Recently, we believe that there is a strong and growing body of evidence that supports the view that Roku is at the precipice of being squeezed by the emergence of challengers on all flanks,” MoffettNathanson analyst Michael Nathanson wrote.
This view comes as Roku faces increasing competition on the streaming advertising side, with growth in the new ad-supported offerings from Netflix and Disney and free, ad-supported offerings such as Pluto and Tubi. Amazon’s rollout of advertising in late January to all of its Prime Video viewers adds another strong competitor.
- 2/19/2024
- by Caitlin Huston
- The Hollywood Reporter - Movie News
Roku is laying off another 10 percent of its staff and taking charges for additional restructuring moves, the company unveiled in a regulatory filing Wednesday.
It cited a “continuing evaluation of its operations” that led it to determine “to implement additional measures to continue to bring down its year-over-year operating expense growth rate by consolidating its office space utilization, performing a strategic review of its content portfolio, reducing outside services expenses, and slowing its year-over-year headcount expense growth rate through a workforce reduction and limiting new hires, among other measures.”
Roku shares jumped more than 10 percent in early Wednesday trading. As of 9:32 a.m. Et, the stock was up 11.2 percent, at $93.09.
The workforce reduction is expected to impact approximately 10 percent of the company’s employees, according to Roku, led by founder, chairman and CEO Anthony Wood. It also expects to record a restructuring charge related to the workforce reduction, primarily...
It cited a “continuing evaluation of its operations” that led it to determine “to implement additional measures to continue to bring down its year-over-year operating expense growth rate by consolidating its office space utilization, performing a strategic review of its content portfolio, reducing outside services expenses, and slowing its year-over-year headcount expense growth rate through a workforce reduction and limiting new hires, among other measures.”
Roku shares jumped more than 10 percent in early Wednesday trading. As of 9:32 a.m. Et, the stock was up 11.2 percent, at $93.09.
The workforce reduction is expected to impact approximately 10 percent of the company’s employees, according to Roku, led by founder, chairman and CEO Anthony Wood. It also expects to record a restructuring charge related to the workforce reduction, primarily...
- 9/6/2023
- by Georg Szalai
- The Hollywood Reporter - Movie News
Jeff Blackburn, who spearheaded Amazon’s push into video, has joined Roku’s board of directors.
The election of Blackburn at Roku’s annual shareholder meeting represents an expansion of Roku’s board, an upsizing signaled by the streaming company last April.
“Jeff’s extensive experience in digital media and technologies makes him a great addition to our board of directors,” Roku founder and CEO Anthony Wood said.
Blackburn said he was pleased to be joining the board “at such a pivotal time in the industry as more entertainment continues to move to TV streaming.”
Until February of this year, Blackburn was Amazon’s SVP of Global Media & Entertainment, overseeing Prime Video, Amazon Studios, MGM, Music, Audible, Games and Twitch. From 2012 to 2020, he was SVP of Worldwide Business Development, Advertising and Entertainment.
Prior to joining Amazon, Blackburn worked in investment banking at Morgan Stanley and Deutsche Bank.
Roku has...
The election of Blackburn at Roku’s annual shareholder meeting represents an expansion of Roku’s board, an upsizing signaled by the streaming company last April.
“Jeff’s extensive experience in digital media and technologies makes him a great addition to our board of directors,” Roku founder and CEO Anthony Wood said.
Blackburn said he was pleased to be joining the board “at such a pivotal time in the industry as more entertainment continues to move to TV streaming.”
Until February of this year, Blackburn was Amazon’s SVP of Global Media & Entertainment, overseeing Prime Video, Amazon Studios, MGM, Music, Audible, Games and Twitch. From 2012 to 2020, he was SVP of Worldwide Business Development, Advertising and Entertainment.
Prior to joining Amazon, Blackburn worked in investment banking at Morgan Stanley and Deutsche Bank.
Roku has...
- 6/8/2023
- by Dade Hayes
- Deadline Film + TV
Roku has named Jeff Blackburn, the longtime Amazon executive who led the retail giant’s streaming and content business, to its board of directors.
Blackburn most recently served as Amazon’s svp for global media and entertainment, where his purview included Prime Video, Amazon Studios, Amazon Music, Audible and Twitch, among other divisions. The executive retired from Amazon earlier this year after more than two decades at the company, which he first joined in 1998 after helping Amazon with its IPO while working at Deutsche Bank.
Blackburn will join Anthony Wood, Ravi Ahuja, Mai Fyfield, Jeff Hastings, Laurie Simon Hodrick, Neil Hunt, Gina Luna and CEO Ray Rothrock on the board.
“I’m thrilled to be joining Roku’s Board of Directors at such a pivotal time in the industry as more entertainment continues to move to TV streaming,” Blackburn said in a statement on Thursday. “I look forward to working...
Blackburn most recently served as Amazon’s svp for global media and entertainment, where his purview included Prime Video, Amazon Studios, Amazon Music, Audible and Twitch, among other divisions. The executive retired from Amazon earlier this year after more than two decades at the company, which he first joined in 1998 after helping Amazon with its IPO while working at Deutsche Bank.
Blackburn will join Anthony Wood, Ravi Ahuja, Mai Fyfield, Jeff Hastings, Laurie Simon Hodrick, Neil Hunt, Gina Luna and CEO Ray Rothrock on the board.
“I’m thrilled to be joining Roku’s Board of Directors at such a pivotal time in the industry as more entertainment continues to move to TV streaming,” Blackburn said in a statement on Thursday. “I look forward to working...
- 6/8/2023
- by J. Clara Chan
- The Hollywood Reporter - Movie News
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