By Lucas Manfredi

Paramount Global’s ex-CEO Bob Bakish saw his pay package jump 178% to $86.96 million in 2024, compared to just $31.3 million in 2023, per the media giant’s amended 10-K statement filed with the U.S. Securities and Exchange Commission on Friday.

The package included a $2.6 million base salary, $15.08 million in stock awards, $10.4 million in non-equity incentive plan compensation, $19,362 reflecting a change in pension value and non-qualified deferred compensation earnings and $58.9 million in “other” compensation, which included $10,292 in company contributions to his 401(k) plan, $4,125 in contributions to his profit sharing plan, $5,550 in life insurance payments, $58,825,273 in separation and additional payments for continued medical, dental and life insurance coverage and $39,215 for personal use of a car and driver or car service.

By Umberto Gonzalez

Warner Bros. has successfully defended its ownership of “Superman” rights after a judge dismissed a copyright lawsuit, clearing the way for the global release of the upcoming film from James Gunn and DC Studios.

Mark Peary, the nephew of late “Superman” co-creator Joe Shuster, had filed the suit in January, claiming that Shuster’s estate had the right to terminate “Superman” copyrights in the United Kingdom, Canada, Ireland and other territories.

By Christofer Hamilton

Amid choppy seas for markets, investors were looking to Netflix’s earnings last week for good news.  The company has reported a string of stellar results in the past year as it has continued to cement its dominance in the streaming arena. 

This was the first quarter where the company stopped reporting on subscriber numbers as it seeks to shift market focus towards financial metrics, and the results highlighted improving financial metrics that largely exceeded analyst expectations.  Markets reacted positively with the company’s share price up following the announcement and several analysts raising their price targets.