by Mike Masnick
Mon, Nov 7th 2011 7:30am
We keep hearing about how "piracy" and the internet are somehow "destroying" the old legacy content players, but the evidence for that seems lacking.... especially in Hollywood. We already saw how Warner Bros. was cheering on its record-setting quarter, while complaining about how it just can't compete with piracy. And now we've got reader Don, passing along the news that Viacom chief Philippe P. Dauman topped the charts for the exec with the biggest pay raise in 2010. His total pay was $84.5 million last year -- a 148.6% raise on his previous year's take home. Yes, that's a $50 million raise. Admittedly, much of that comes from stock options, but still. Not bad for a company being "decimated" by kids in their basements on the internet, huh? Maybe Viacom was just so sure that it was going to win its $1 billion lawsuit against YouTube that it decided to pre-reward Dauman.
If you liked this post, you may also be interested in...
- Hateful Eight Pirated Leak Harms Film All The Way To Box Office Records
- Once Again, Piracy Is Destroying The Movie Industry... To Ever More Records At The Box Office
- Book Publisher Has No Idea How Google Works But Pretty Sure It Could End Piracy If It Tried
- TV Industry Starts Running Fewer Ads To Combat Netflix, Cord Cutting
- Viacom Once Sued YouTube For A Billion Dollars; Now It's Just Released Over 100 Movies For Free On YouTube