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Disney made $100 million in two months. Yet Bob Iger’s pay dropped significantly from 2018 to 2019. So, what happened? Wouldn’t he make more money instead of less? Disney made an easy $100 million in two months thanks in part to its new streaming service, Disney+. It’s no secret that the company has become an entertainment giant. It has successful Disney Parks around the world. Of course, there’s the cute merchandise. Plus, Disney dominated the box office.
The Disney empire is just getting started. The company has been riding off the success of its new streaming service. Disney attracted 2 million subscribers when it launched on Nov. 12. The latest numbers show that Disney+ can easily make $97.2 million in mobile spending alone. Disney+ has been downloaded 41 million times on both Apple’s App Store and the Google Play Store. Disney earned $53.3 million in its first month and $43.9 million in its second month.
However, Disney CEO Bob Iger earned $47.5 million in 2019. That’s down 28% from the $65.6 million he made back in 2018, the company revealed on Friday, Jan. 17 in an SEC filing, as reported by Deadline. According to the statement, Disney paid Iger $3 million salary.
He also earned $30 million in stock and option awards and another $21.8 million in non-equity incentive plan compensation. The reason why he made less last year is because of the criticism that he received in previous years.
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Disney heiress Abigail Disney, who’s the granddaughter of Roy O. Disney and co-founder of the company, called the 2018 compensation “insane.” Even politicians like Bernie Sanders have accused CEOs and companies like Disney for promoting income inequality. Disney claims that it invests $150 million into its education program that’s built for its 223,000 employees. This news is interesting for Iger as he steps down from his position next year. He was able to transform the company through news-breaking acquisitions, including the $71.3 billion deal to take over 21st Century Fox.