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    CBS extends CEO Moonves’ contract another 2 years

    By SHOOTUpdated:No Comments585 Views
    In this July 29, 2013 file photo, Les Moonves arrives at the CBS, CW and Showtime TCA party at The Beverly Hilton in Beverly Hills, Calif. (Photo by Jordan Strauss/Invision/AP, File)
    NEW YORK (AP) --

    CBS is extending the contract of President and CEO Leslie Moonves for another two years, through June 2019.

    The media company said Thursday that Moonves' annual salary will remain at its current level, and he will be eligible for annual performance bonuses and stock-based compensation.

    Moonves was paid a salary of $3.5 million in 2013, according to a corporate filing with the Securities and Exchange Commission.

    But a bonus and stock awards pushed the value of Moonves' total compensation to $65.6 million that year, according to calculations by The Associated Press and Equilar. That made him the second-highest-paid CEO of 2013.

    The new deal still calls for him to be an adviser to CBS for five years when his contract expires, and he will have an option to start a production company under the CBS banner.

    Moonves, 65, became president and CEO of CBS Television in 1998. He has been president and CEO of CBS Corp. since the company was split off from Viacom Inc. in 2006.

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    Kevin Costner to receive MPSE Filmmaker Award; Greg Hedgepath named recipient of MPSE Career Achievement honor

    Thursday, November 21, 2024
    Kevin Costner (photo courtesy of Kevin Costner)

    Motion Picture Sound Editors (MPSE) will present Oscar®-winning filmmaker and actor Kevin Costner with the 2025 MPSE Filmmaker Award, bestowed annually to a filmmaker of distinction. And supervising sound editor Greg Hedgepath will receive the Career Achievement Award for his prolific career in sound editing. Both awards will be presented during MPSE’s 72nd Annual Golden Reel Awards Gala on February 23, 2025 at the Ebell Theatre in Los Angeles.

    The MPSE Filmmaker Award is bestowed upon an individual outside the sound community whose career has demonstrated a great appreciation and understanding of the impact of sound editing. The MPSE Career Achievement Award is presented to a person whose career has made a significant impact on the sound community through exemplary work, service or leadership.

    “Kevin Costner has captivated audiences with his powerful storytelling throughout his illustrious career,” said MPSE president David Barber. “From epic Westerns to poignant dramas, his use of sound as an integral component of his cinematic storytelling has stirred our emotions and immersed viewers in the worlds he’s created for decades. This passion for sound is abundantly clear in his latest ambitious project, the Horizon saga. We are thrilled to honor him with the Filmmaker Award, recognizing his exceptional contributions to the art of storytelling through sound in film and television.”

    Barber added, “Greg Hedgepath is a true titan in the world of sound. His contributions to cinema are immense, spanning decades and encompassing a remarkable range of genres. From the heart-pounding intensity of ‘Speed’ and ‘Twister’ to the nuanced drama of ‘Selma’ and ‘Straight Outta Compton’, Greg’s work has consistently elevated... Read More

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