FuboTV govt chairman Edgar Bronfman Jr. made $19.3 million in general pay in 2021, in comparison with $21.7 million in 2020, in accordance with the corporate’s proxy assertion filed with the Securities and Exchange Commission on Friday.
Bronfman Jr., as each a direct investor in addition to an investor in fuboTV by Waverley Capital, a enterprise capital group he co-founded in 2017, joined the video streaming service when it merged with Facebank Group, a developer of expertise IP, in April 2020.
He obtained base retainer charges of $95,000 in 2021, in opposition to $84,098 a year-earlier, to advise FuboTV, partially because it sought a market itemizing. Bronfman Jr. additionally obtained $19.2 million in possibility awards final yr, in comparison with $20.8 million in possibility awards in 2020.
Bronfman Jr. is the previous chairman and CEO of Warner Music. He additionally helped steer his then family-controlled Seagram enterprise into the leisure enterprise within the Nineties.
Seagram took over MCA Inc., with its large film, music and theme park companies, in 1995, and Bronfman Jr. grew to become an govt with Vivendi after the 2000 deal. He later served as chairman and CEO of Warner Music Group, and stepped down from the board of administrators in May 2013.
FuboTV additionally revealed within the SEC submitting that CEO David Gandler obtained whole compensation of $6.48 million in 2021, in comparison with $21.6 million in whole pay for 2020. Gandler’s principal compensation got here from possibility awards, which got here to $5.4 million in 2021, in opposition to $20.9 million in 2020.
And Gandler obtained a base wage of $520,833 in 2021 and a bonus of $500,000. That compares with a base wage of $470,000 and a bonus of $265,068 in 2020.