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...
- Come See How Excited Everyone Is For The Latest UK Educational 'Don't Pirate' Campaign
- Craziest Part Of Apple's Price Fixing Ruling: Publishers Knew They Were Encouraging Piracy, Didn't Care
- Leonard Nimoy's Son Needs To Crowdfund Money For Spock Documentary... To License Photos And Videos
- Netflix Says Piracy Helped It Succeed In The Netherlands, And Will Help When It Launches In Spain
- Viacom Issues Bogus DMCA Over Fair Use Daily Show Remix... After Promising Not To Do That Any More