Roku executive Charlie Collier received a total compensation package of $53.3 million in 2022, marking a lucrative initial year for the executive after he joined the company in October.
Collier earned a base salary of $1.075 million, with a stock awards package of $23,279,331 and option awards of $28,925,320, a company’s SEC filing published Thursday revealed. Other compensation totaled $25,245. Much of that compensation represented a stock grant awarded to Collier as a newly hired executive, vesting over the course of four years.
Notably, Collier’s pay package more than doubled that of founder CEO Anthony Wood, who took home $20.9 million. Wood, however, owns about 12.8% of the company stock, worth a little over $1 billion, and maintains voting control over the company through ownership of a special class of shares.
Collier exited his position as CEO of Fox Entertainment last year to join Roku as president of Roku Media, presiding over the Roku Channel’s content and ad sales.
Collier earned a base salary of $1.075 million, with a stock awards package of $23,279,331 and option awards of $28,925,320, a company’s SEC filing published Thursday revealed. Other compensation totaled $25,245. Much of that compensation represented a stock grant awarded to Collier as a newly hired executive, vesting over the course of four years.
Notably, Collier’s pay package more than doubled that of founder CEO Anthony Wood, who took home $20.9 million. Wood, however, owns about 12.8% of the company stock, worth a little over $1 billion, and maintains voting control over the company through ownership of a special class of shares.
Collier exited his position as CEO of Fox Entertainment last year to join Roku as president of Roku Media, presiding over the Roku Channel’s content and ad sales.
- 4/27/2023
- by Jose Alejandro Bastidas
- The Wrap
Charlie Collier, who took over as President of Roku Media in late October, had a pay package that topped $53 million in the last three months of 2022.
Collier earned a base salary of $1.075 million, with a stock awards package of $23,279,331 and option awards of $28,925,320. The equity awards were made in 2022 and vest over four years. Other compensation totaled $25,245.
Collier left his position as Fox Entertainment CEO to take the top spot at Roku in September. He runs Roku Media globally, managing its ad platform business as well as content for Roku’s owned-and-operated channels including The Roku Channel.
During his time with the Fox linear network, which came largely after the sale of most of 21st Century Fox to the Walt Disney Company, he was responsible for launching Studio Ramsay Global with celebrity chef Gordon Ramsay, launching Blockchain Creative Labs and acquiring Bento Box Entertainment and MarVista Entertainment.
Related: Bento Box...
Collier earned a base salary of $1.075 million, with a stock awards package of $23,279,331 and option awards of $28,925,320. The equity awards were made in 2022 and vest over four years. Other compensation totaled $25,245.
Collier left his position as Fox Entertainment CEO to take the top spot at Roku in September. He runs Roku Media globally, managing its ad platform business as well as content for Roku’s owned-and-operated channels including The Roku Channel.
During his time with the Fox linear network, which came largely after the sale of most of 21st Century Fox to the Walt Disney Company, he was responsible for launching Studio Ramsay Global with celebrity chef Gordon Ramsay, launching Blockchain Creative Labs and acquiring Bento Box Entertainment and MarVista Entertainment.
Related: Bento Box...
- 4/27/2023
- by Denise Petski
- Deadline Film + TV
Charlie Collier, the new president of Roku media, earned total compensation of $53.3 million in 2022, after joining the streaming and device company in late October of that year.
Collier, who joined Roku after serving as CEO of Fox Entertainment, brought in a base salary of $1.075 million, alongside a stock awards package of $23,279,331 and option awards of $28,925,320. These are both new hire equity awards that vest over four years. All other compensation amounted to $25,245.
CEO Anthony Wood earned $20.99 million in 2022, up from $18.1 million in 2021. Wood’s base salary of $1.2 million has remained the same for the past three years. But he received $19.8 million in option awards this year, up from $16.9 million in 2021.
Roku CFO Steve Louden saw his total salary increase to $8.5 million from $5.5 million in 2021. His base salary hit $1.6 million in 2022, after receiving $700,000 for the prior two years, and his option awards increased to $6.9 million from $4.8 million.
Collier is seen as...
Collier, who joined Roku after serving as CEO of Fox Entertainment, brought in a base salary of $1.075 million, alongside a stock awards package of $23,279,331 and option awards of $28,925,320. These are both new hire equity awards that vest over four years. All other compensation amounted to $25,245.
CEO Anthony Wood earned $20.99 million in 2022, up from $18.1 million in 2021. Wood’s base salary of $1.2 million has remained the same for the past three years. But he received $19.8 million in option awards this year, up from $16.9 million in 2021.
Roku CFO Steve Louden saw his total salary increase to $8.5 million from $5.5 million in 2021. His base salary hit $1.6 million in 2022, after receiving $700,000 for the prior two years, and his option awards increased to $6.9 million from $4.8 million.
Collier is seen as...
- 4/27/2023
- by Caitlin Huston
- The Hollywood Reporter - Movie News
Charlie Collier, who joined Roku last fall as president of its newly created media division, had a compensation package worth $53.3 million last year — more than twice as much as his boss, CEO Anthony Wood, took home.
Collier left his post as CEO of Fox Entertainment to head up Roku Media, where he now oversees content and ad sales for the Roku Channel. Roku’s recruitment of the high-profile TV exec — who brought such hits as “Mad Men,” “Breaking Bad” and “The Walking Dead” to AMC — signaled that the company plans to spend more on original content. That said, Roku has been taking steps to cut costs, including laying off about 400 employees, after its revenue growth slowed dramatically in the last two quarters.
In 2022, Collier’s pay package included $1.075 million in base salary along with a boatload of stock: $23.3 million worth in stock grants and $28.9 million in stock options, according to...
Collier left his post as CEO of Fox Entertainment to head up Roku Media, where he now oversees content and ad sales for the Roku Channel. Roku’s recruitment of the high-profile TV exec — who brought such hits as “Mad Men,” “Breaking Bad” and “The Walking Dead” to AMC — signaled that the company plans to spend more on original content. That said, Roku has been taking steps to cut costs, including laying off about 400 employees, after its revenue growth slowed dramatically in the last two quarters.
In 2022, Collier’s pay package included $1.075 million in base salary along with a boatload of stock: $23.3 million worth in stock grants and $28.9 million in stock options, according to...
- 4/27/2023
- by Todd Spangler
- Variety Film + TV
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
Wrapbook, a startup payroll services firm aimed at Hollywood production companies, told its customers on Friday that its processing for March 10 will be delayed. The entertainment industry firm, with offices in Los Angeles, Toronto and New York, cited the failure of Silicon Valley Bank for the impact to its services.
In an update to its clients on March 11 from co-founder and CEO Ali Javid, the firm stated that it has “96% of our funds outside of Svb” and it has a “strong cash position” to use “to provide liquidity to our clients, ensuring that any payroll funds with Svb are covered,” per a copy of an email obtained by The Hollywood Reporter.
The Wrapbook email added: “We have remediation plans underway with another bank to resume processing payroll early next week. We will reimburse cast and crew for overdraft fees incurred due to Svb’s collapse.”
After revealing the loss of...
In an update to its clients on March 11 from co-founder and CEO Ali Javid, the firm stated that it has “96% of our funds outside of Svb” and it has a “strong cash position” to use “to provide liquidity to our clients, ensuring that any payroll funds with Svb are covered,” per a copy of an email obtained by The Hollywood Reporter.
The Wrapbook email added: “We have remediation plans underway with another bank to resume processing payroll early next week. We will reimburse cast and crew for overdraft fees incurred due to Svb’s collapse.”
After revealing the loss of...
- 3/11/2023
- by Erik Hayden
- The Hollywood Reporter - Movie News
The user experience has gotten better recently for cord-cutters streaming their favorite content through Roku. The company has revealed platform-wide operating system (Os) updates with the launch of Roku Os 12 and announced the features and availability of its new Roku Select and Plus Series TVs. With over 70 million active accounts in the United States, Roku’s Os is the operating system that is the top-selling smart TV Os in the United States, Canada, and Mexico.
Watch Now $0 / month roku.com
“As the #1 selling Os in three major markets, we understand what people want when it comes to a streaming platform – a simple yet delightful experience that feels personalized to them,” Roku’s VP of viewer products Preston Smalley said. “The latest updates to our powerful Os make Roku’s software even more intuitive and curated, so users can spend less time searching for content and more time enjoying their favorite entertainment.
Watch Now $0 / month roku.com
“As the #1 selling Os in three major markets, we understand what people want when it comes to a streaming platform – a simple yet delightful experience that feels personalized to them,” Roku’s VP of viewer products Preston Smalley said. “The latest updates to our powerful Os make Roku’s software even more intuitive and curated, so users can spend less time searching for content and more time enjoying their favorite entertainment.
- 3/9/2023
- by Jessica Lerner
- The Streamable
It’s been over a year since Roku and Lionsgate signed a multiyear pay-one distribution agreement allowing the studio’s theatrical releases to stream on the Roku Channel. Coupled with the increase in original content, that deal has led the ad-supported video-on-demand (AVOD) and free ad-supported streaming TV (Fast) service, to see an 85% increase in user engagement in the most recent earnings report; and Roku has no plans of slowing down.
Watch Now $0 / month roku.com
The company plans to continue focusing on improving its content offerings to enhance engagement, as customer satisfaction is tied to the more people stream, Roku CEO Anthony Wood said at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco on Monday. The move is designed to encourage users to more regularly engage with the platform, making it more of an everyday part of their lives, rather than a service they can move away from more easily.
Watch Now $0 / month roku.com
The company plans to continue focusing on improving its content offerings to enhance engagement, as customer satisfaction is tied to the more people stream, Roku CEO Anthony Wood said at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco on Monday. The move is designed to encourage users to more regularly engage with the platform, making it more of an everyday part of their lives, rather than a service they can move away from more easily.
- 3/7/2023
- by Jessica Lerner
- The Streamable
Despite ballooning operating losses (nearly $250 million) and an advertising downturn, Roku’s stock soared a day after it reported fourth-quarter earnings on Feb. 15. Part of this came as the number of active users picked up to 70 million and the Anthony Wood-led firm beat revenue expectations for the quarter. Roku also promised to tighten its expenses moving forward, with a plan to reach positive adjusted earnings before interest, taxes, depreciation, and amortization in 2024.
But, longer term, Wall Street’s view on the stock remains mixed, depending on how much belief there is that Roku can maintain its place as a key gatekeeper in the streaming landscape with its media player. (Roku’s stock sat at $71.59 as of market close on Feb. 17.)
A team of analysts at investment bank Evercore (which has an $80 price target for the firm) note that Roku has an outsized exposure to the scatter ad market (ad...
But, longer term, Wall Street’s view on the stock remains mixed, depending on how much belief there is that Roku can maintain its place as a key gatekeeper in the streaming landscape with its media player. (Roku’s stock sat at $71.59 as of market close on Feb. 17.)
A team of analysts at investment bank Evercore (which has an $80 price target for the firm) note that Roku has an outsized exposure to the scatter ad market (ad...
- 2/20/2023
- by Caitlin Huston
- The Hollywood Reporter - Movie News
Charlie Collier surprised the industry in September when he exited his perch as CEO of Fox Entertainment for something a bit more unconventional: president of Roku Media. But anyone who knows Collier, or has followed his career, knows the move jibes with the exec’s longtime entrepreneurial spirit.
At AMC, Collier helped turn what was American Movie Classics into a programming powerhouse, with defining shows like “Mad Men,” “Breaking Bad” and “The Walking Dead,” while building AMC Studios and expanding SundanceTV. At Fox, he navigated the network’s independent evolution by acquiring new building blocks like Tubi, Bento Box and TMZ, and growing the company’s in-house production units.
“I see Charlie as a triple threat of strategic thinking, executive capability and creative judgement,” says AMC Networks executive vice chairman Josh Sapan, who was previously CEO at the company while Collier was there as president and general manager. “He has the best kind of impatience,...
At AMC, Collier helped turn what was American Movie Classics into a programming powerhouse, with defining shows like “Mad Men,” “Breaking Bad” and “The Walking Dead,” while building AMC Studios and expanding SundanceTV. At Fox, he navigated the network’s independent evolution by acquiring new building blocks like Tubi, Bento Box and TMZ, and growing the company’s in-house production units.
“I see Charlie as a triple threat of strategic thinking, executive capability and creative judgement,” says AMC Networks executive vice chairman Josh Sapan, who was previously CEO at the company while Collier was there as president and general manager. “He has the best kind of impatience,...
- 11/10/2022
- by Michael Schneider
- Variety Film + TV
Click here to read the full article.
After Roku issued “frankly horrific” guidance, as one analyst put it, Wall Street appears to be backing away from the stock.
While Roku beat third-quarter expectations Thursday, the company issued fourth-quarter guidance below expectations in what is usually the strongest advertising quarter for the stock. Shares of Roku were down 5 percent during midday trading Thursday.
“Companies are pulling back their ad budgets because they’re uncertain if there’ll be a recession or not, and so a lot of Q4 ad campaigns are being canceled,” Roku CEO Anthony Wood explained during the company’s earnings call.
Pivotal Research Group, which called the fourth-quarter revenue guidance of roughly 800 million, a decline of 7.5 percent year over year, “horrific,” sees even more going on there.
“For 4Q Roku’s guidance implies not only a [year over year] material decline, but an almost unheard of sequential decline in platform revenue...
After Roku issued “frankly horrific” guidance, as one analyst put it, Wall Street appears to be backing away from the stock.
While Roku beat third-quarter expectations Thursday, the company issued fourth-quarter guidance below expectations in what is usually the strongest advertising quarter for the stock. Shares of Roku were down 5 percent during midday trading Thursday.
“Companies are pulling back their ad budgets because they’re uncertain if there’ll be a recession or not, and so a lot of Q4 ad campaigns are being canceled,” Roku CEO Anthony Wood explained during the company’s earnings call.
Pivotal Research Group, which called the fourth-quarter revenue guidance of roughly 800 million, a decline of 7.5 percent year over year, “horrific,” sees even more going on there.
“For 4Q Roku’s guidance implies not only a [year over year] material decline, but an almost unheard of sequential decline in platform revenue...
- 11/3/2022
- by Caitlin Huston
- The Hollywood Reporter - Movie News
Click here to read the full article.
Despite adding 2.3 million active accounts and seeing total streaming hours grow to 21.9 billion, Roku saw operating losses balloon by 314 percent year over year to 147 million.
In a letter to shareholders on Wednesday, Roku said the increase in active accounts was primarily driven by TV sales. But the company, best known for its devices, has continued to absorb losses from its player business, with gross margins down by four percentage points year over year due to “elevated” supply chain costs, according to the letter.
During the third quarter, Roku brought in 761.4 million in net revenue — a slight decline from Q2’s 764.4 million but a 12 percent year-over-year increase. Total gross profit dropped by two percent compared to the previous year, landing at 356.8 million.
Ad spending has continued to see a slowdown in growth “due to current weakness in the overall TV ad market and the ad scatter market in particular,...
Despite adding 2.3 million active accounts and seeing total streaming hours grow to 21.9 billion, Roku saw operating losses balloon by 314 percent year over year to 147 million.
In a letter to shareholders on Wednesday, Roku said the increase in active accounts was primarily driven by TV sales. But the company, best known for its devices, has continued to absorb losses from its player business, with gross margins down by four percentage points year over year due to “elevated” supply chain costs, according to the letter.
During the third quarter, Roku brought in 761.4 million in net revenue — a slight decline from Q2’s 764.4 million but a 12 percent year-over-year increase. Total gross profit dropped by two percent compared to the previous year, landing at 356.8 million.
Ad spending has continued to see a slowdown in growth “due to current weakness in the overall TV ad market and the ad scatter market in particular,...
- 11/2/2022
- by J. Clara Chan
- The Hollywood Reporter - Movie News
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