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Netflix CEO Reed Hastings' Salary Will Nearly Double in 2013

Netflix CEO Reed Hastings' Salary Will Nearly Double in 2013Netflix CEO Reed Hastings' Salary Will Nearly Double in 2013

Netflix CEO Reed Hastings' compensation package will rise to $4 million in 2013, doubling his pay from this year.

The video-streaming service said in a regulatory filing with the Securities and Exchange Commission on Friday that it would pay Hastings $2 million in salary with $2 million of compensation through a stock options allowance.

Also read: Disney, Netflix Sign Exclusive Film Deal

In 2012, Hastings' pay was $500,000 combined with stock options grants worth $1.5 million -- half of what he was awarded in 2011. His salary that year remained unchanged.

Chief content officer Ted Sarandos also received a pay bump. His 2013 salary will climb to $2.2 million, up from $1 million in 2012. His stock options allowance remains the same as 2012 at $1.8 million.