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New AMC Networks CEO Kristin Dolan’s 2023 Pay Reaches $14.5 Million

  2024-05-01 varietyJennifer Maas34030
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Watch Latin American Music AwardsAMC Networks CEO Kristin Dolan‘s compensation was $14.5 million in 2023, her first year

New AMC Networks CEO Kristin Dolan’s 2023 Pay Reaches $14.5 Million

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AMC Networks CEO Kristin Dolan‘s compensation was $14.5 million in 2023, her first year in the top post at the cable channel giant.

According to an SEC filing posted Friday, Dolan’s base salary for the year was $1.7 million. She had $8.8 million in stock awards, $4 million in non-equity incentive plan compensation and $71,000 in “other” pay.

Dolan, the wife of company owner James Dolan, started as CEO of AMC Networks on Feb. 27, 2023, and shortly after stepped down as a member of the company’s board on March 10. Previously, Dolan had served as founder and CEO of TV analytics firm 605.

Her appointment to the CEO position came after Christina Spade, formerly CFO of AMC Networks, stepped down in November 2022 after a very brief stint as CEO, following the exit of interim CEO Matt Blank.

once Spade left, James Dolan was named interim executive chairman while a search began for another AMC Networks CEO, and announced that “large-scale layoffs” would be hitting the company amid a stall in growth at streaming AMC+ and its smaller platforms Acorn TV, Shudder, Sundance Now, ALLBLK and HIDIVE.

Per AMC Networks’ Friday SEC filing, CFO Patrick O’Connell’s compensation for 2023 was $2.3 million, up from $1.7 million the year prior. General counsel James Gallagher’s pay was $4.4 million, an increase from $3.7 million in 2022.

AMC Entertainment and studios president Dan McDermott’s pay was $4 million for the year (he was named an executive officer at the company June 15, 2023) and chief commercial officer Kim Kelleher’s stood at $3.3 million (she was appointed to the executive rank Oct. 19, 2022).

(By/Jennifer Maas)
 
 
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