David Zaslav Salary: Discovery revealed on the first of this month that Zaslav had received a $4.4 million one-time discretionary bonus. The SEC filing stated that this was “in recognition of Mr. Zaslav’s exceptional leadership through the pandemic, the successful launch of Discovery+, and his efforts in 2021 to initiate, negotiate, and enter into the transaction with the WarnerMedia Business.” Yes, it was a fruitful and hectic year.
Things are starting to add up – but not hundreds of millions of dollars. We’ve got more lines of proxy to analyze. The total value of Zaslav’s 2021 stock awards was $13.2 million, which is in line with prior years. It’s also about as much as the next highest-paid Discovery executive, streaming and international boss JB Perrette, made in total ($13.4 million) throughout 2021.
Additionally, Zaslav reported $1.1 million in “all other compensation” to the SEC last year, a nebulous category referring to retirement funds and medical benefits. (It’s also something that one might consider immaterial in this fantastical world where one man can make $250 million in a year.)
Related Post:-
What Is David Zaslav Salary And Net Worth?
David Zaslav is an American business executive with a net worth of USD 200 million. Zaslav’s $3 million annual salary has remained unchanged for years. Initially set on a legal career, David Zaslav attended the Boston University School of Law, graduated, and worked as an attorney with LeBouef, Lamb, Leiby & MacRae.
Who Is David Zaslav?
Zaslav was born into a Polish and Ukrainian Jewish family in Brooklyn, New York City, in the United States. He moved to Rockland County, New York, at 8, where he attended Ramapo High School and graduated. He led the varsity tennis team as captain. Zaslav graduated from Binghamton University with a Bachelor of Science.
NBC hired David Zaslav in 1989. He oversaw content distribution across all TV formats as President of Cable, Home TV, and New Media Distribution. He was in charge of the Olympics on cable, Bravo, CNBC World, SCI-FI, ShopNBC, Sleuth, Telemundo, Telemundo Puerto Rico, Mun 2, Trio, Universal HD, and other networks.
Ho Did David Zaslav Start His Career?
NBC Universal
Zaslav joined NBC in 1989. As president of Cable and Domestic TV and New Media Distribution, he oversaw content distribution to all forms of TV, negotiated for cable and satellite carriage of NBC Universal networks, and developed media alliances.
His duties included the cable networks NBC Weather Plus, USA Network, Bravo, CNBC World, SCI-FI, ShopNBC, Sleuth, Telemundo, Telemundo Puerto Rico, mun2, Trio, Universal HD, and the Olympics. Zaslav also oversaw NBC Universal’s interests in A&E, The History Channel, The Biography Channel, National Geographic International, the Sundance Channel, and TiVo.
Discovery
Zaslav became CEO of Discovery Communications on November 16, 2006, following Judith McHale. Zaslav sparked a change in the organization’s strategy, intending to position itself as a “content company” instead of a “cable corporation” by promoting the multi-platform brands of its primary networks, including the Discovery Channel, which bears its name.
As CEO, Zaslav oversaw the company’s 2018 acquisition of Scripps Networks Interactive, expansion of its digital education operations, and the current focus on streaming services. These new networks included Planet Green (later rebranded as Destination America), The Hub, Oprah Winfrey Network (OWN), Velocity, and Investigation Discovery. Under his direction, Discovery went public in 2008, was included in the Fortune 500 in 2014, and purchased Scripps Networks Interactive in 2018.
Warner Bros. Discovery
In May 2021, it was stated that Zaslav would serve as CEO of a proposed merger of Discovery with a spin-out of AT&T’s WarnerMedia. Zaslav’s executive compensation package includes a $3 million salary plus a $22 million bonus yearly. Zaslav received stock options valued at $190 million in his contract renewal.
In August and September 2022, Zaslav faced harsh criticism for his plan to concentrate on more significant theatrical films by drastically reducing the amount of original content available on HBO Max to claim tax deductions. Some of the projects, such as Scoob and Batgirl, were “practically finished” or in the last stages of post-production when the total accounted loss of the firm was around $25 billion[40]. Christmas Haunt.
Zaslav also received backlash from the animation community for the removal of many of Warner Bros’ animated programs from streaming platforms and pulling most of the service’s content in general, including Final Space, Infinity Train, Summer Camp Island, Mao Mao: Heroes of Pure Heart, The Not-Too-Late Show with Elmo, and several hundred episodes of Sesame Street, among others, a decision Infinity Train creator Owen Dennis remarked rendered many of the programs effectively as “lost media.”
Leave a Reply