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Netflix Chief Reed Hastings collects US$225 million in stock sale

Netflix Chief Reed Hastings collects US$225 million in stock sale
Simon Hunt, Bloomberg News
Netflix Inc.âs Reed Hastings just pocketed US$225 million from a stock sale, the latest in a series of such transactions the billionaire has made this year totaling US$616 million.
Hastings has collected enough cash in 2020 to produce all four seasons of âThe Crown,â at least six seasons of âGame of Thronesâ or the equivalent of about 4.7 million annual Netflix subscriptions, based on average monthly subscription costs. The sales, the latest of which was Dec. 21, were made as part of a trading plan.
Hastings, the Los Gatos, California-based firmâs co-chief executive officer, has seen his wealth increase about US$2.2 billion this year to US$6.4 billion, according to the Bloomberg Billionaireâs Index. He received about US$39 million in total compensation in 2019. ....

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Netflix's Reed Hastings skims $225 mn in stock sale | Indian Television Dot Com

The stock sales were made as part of a trading plan.
23 Dec, 2020 - 08:24 PM IST | By indiantelevision.com Team
MUMBAI: Netflix co-chief executive officer Reed Hastings has collected $225 million from a stock sale, the latest in a series of such transactions the billionaire has made this year, totalling $616 million.
A Bloomberg Quint report states that Hastings has cashed in enough moolah in 2020 to produce all four seasons of marquee series The Crown, all six seasons of Peaky Blinders, or the equivalent of about 4.7 million annual Netflix subscriptions, based on average monthly subscription costs. The sales, the latest of which was on 21 December, were made as part of a trading plan believed to boost the streamer-producer’s content creation budget. ....

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