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...
- Cogent Accidentally Blocks Websites In Global Ham-Fisted Piracy Filtering Effort
- Funcom Responds Well To Mixup Over Denuvo DRM Resulting In Piracy Of Conan Exiles Game
- New Study Essentially Suggests That Publishers Should Do CwF + RtB Instead Of Going Legal To Combat Piracy
- Intellectual Property Fun: Is Comedy Central Claiming It Owns The Character Stephen Colbert?
- TV Industry Starts Running Fewer Ads To Combat Netflix, Cord Cutting