Top Hollywood Executives See Significant Pay Raises While Company Employees Are Laid Off

The wealthy elites in Hollywood saw substantial pay increases in 2023, while many others faced layoffs and budget cuts. Studio executives at companies such as Endeavor, Netflix, and Warner Bros. Discovery received significant raises, while employees endured mass layoffs and labor strikes. CEOs like David Zaslav of Warner Bros. Discovery saw their compensations rise dramatically, despite overseeing layoffs within their companies. This disparity highlights the struggles faced by blue-collar workers in the industry, who are finding it increasingly difficult to secure employment. The Hollywood Reporter compiled data showing the increase in executive compensation for 2023, revealing the stark differences in wealth distribution within the industry.