Netflix hikes CEO salary by 50 percent for 2014

(Reuters) - Netflix Inc raised the salary of its Chief Executive Reed Hastings by 50 percent to $6 million for 2014, a regulatory filing showed, as its stock quadrupled in value this year amidst new programming and a growth in subscriber base. Hastings will receive $3 million each in cash and stock options for the year, according to the filing with the U.S. Securities and Exchange Commission made late on Monday. Other top executives including Chief Financial Officer David Wells and Chief Content Officer Ted Sarandos will also get a pay hike in 2014, it said. In November, Netflix added four new television series and one miniseries from Disney's Marvel unit, and in December it secured the rights to make new episodes of a spinoff of the "Breaking Bad" television series, available within days to customers in Latin America and Europe, starting in 2014.

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