Snap’s Spiegel earned $638 million last year; LAist’s assets bought by KPCC; and L.A. movie theaters could have LED screens by April.
Snap’s Spiegel Earned $638 Million Last Year
Snap Inc. Chief Executive Evan Spiegel received $637.8 million as total compensation last year after the company went public, the third-highest annual payout ever received by a company’s CEO, Reuters reports. Spiegel’s pay package is based on stock-based awards worth $636.6 million and salary and other compensation worth about $1.2 million, according to a security filing by Snap.
The assets of local news sites Gothamist, LAist and DCist were been acquired by three public radio companies — WNYC in New York, KPCC in Southern California and WAMU in Washington, D.C., the Business Journal reports. According to the acquisition announcement, the deal comes after a competitive sale process, and it was funded by “generous philanthropic donations from two anonymous donors.”
L.A. Movie Theaters Could Have LED Screens by April
LED panels will soon bring competition and disruption to projectors, a prominent cinema technology veteran forecast during the Hollywood Professional Association Tech Retreat, which is taking place this week in Palm Desert, The Hollywood Reporter reports. Pete Lude, chief technology officer of engineering firm Mission Rock Digital, and a former executive at Sony and RealD, said that Los Angeles could have its first LED cinema screen from Samsung installed by April.
Technology reporter Garrett Reim can be reached at [email protected]. Follow him on Twitter @garrettreim for the latest in L.A. tech news.
