AMC Networks CEO Matt Blanc’s 2021 salary reached nearly $7 million, while former CEO Josh Sapan topped $15 million.

Matthew Blank, interim CEO of AMC Networks, received compensation of nearly $7.0 million in 2021, the television networks and streaming company announced on Friday.

Blank, the former CEO of Showtime Networks, was named to the role in late August after company veteran Josh Sapan was promoted to executive vice president. As CEO, Blanc is committed to using his experience and working with the management of AMC Networks, including Sapan, to “maximize the company’s broadcast business based on its core assets.”

Sapan received compensation of nearly US$15.3 million in 2021, US$11.8 million in 2020 and US$20.2 million in 2019. Sapan earned US$2 million in salary last year, received more than $7.8 million in equity awards, $5.3 million in performance incentive compensation and more. compensation.

Blank earned $630,000 in salary, $4.5 million in stock rewards, nearly $1.7 million in performance incentive pay and other compensation.

back to the company Living Dead Home AMC, IFC, Sundance Channel and WE tv also continue to expand their destination streaming businesses, including AMC+, Acorn TV, Shudder, Sundance Now and ALLBLK.

The company’s shares are down 12% in 2021, but revenue is up 9% to the company’s record $3.1 billion, driven by rising streaming and ad revenue. Adjusted earnings per share rose 24 percent to $9.64, a company record.

AMC Networks’ streaming subscribers reached 9 million by the end of the year. Management predicts the company will reach between 20 and 25 million streaming subscribers by the end of 2025.

“2021 was a strong and pivotal year for AMC Networks,” Blank said in February. “We meet or exceed all metrics in our guidance.” He added, “2022 will be the biggest year for original content in our history.”