Netflix CEO Reed Hastings’ Salary To Get 50% Bump To $3M In 2014

Remember Qwikster? Wall Street doesn’t.

The AP is reporting this morning that the Netflix CEO will get a healthy pay raise in 2014. According to a regulatory filing, Reed Hastings’ annual salary will jump to $3 million, up from the $2 million he earned this year. His annual stock option allowance also improves to $3 million from the current level of $1 million.

It’s hard to argue against the pay increase. Netflix had a great 2013. The stock price is up 296% on the year. It’s trading around an all time high of $365. The stock was the top performer in the S&P 500 and Nasdaq 100 this year.

The company isn’t raking in the profits, though. In its most recent quarterly report, Netflix only made $32 million. But Wall Street doesn’t seem to mind and so the company should stay the course raking in the subscribers and producing award-winning original content. Netflix just needs to remember to listen to their subscribers.

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Makers Of Oscar-Shortlisted Documentary “The Act Of Killing” Turn To BitTorrent For Promotion

BitTorrent has been pitching itself as a legitimate way for content creators to promote their works,  and now the company is announcing what may be its most noteworthy partnership yet — Drafthouse Films and the co-directors of the documentary The Act Of Killing are using a BitTorrent Bundle to promote the iTunes release of the director’s cut.

Noteworthiness is relative, and there’s a decent chance that you haven’t seen or even heard of The Act of Killing. But even though its box office numbers aren’t all that impressive, its reviews are. And the film, in which Indonesian death squad leaders are asked to reenact their killings, made it onto the Academy Award short list for documentaries. (The short list is the last step before the actual nominees are announced in January.)

As for the BitTorrent Bundles, they’re basically packages of free content, usually meant to promote something that people will actually pay for, like a movie or an album or a book. (The content can also be “gated”, requiring users to provide something — say, an email address — before they get access.) Other movies that have been promoted include a project that Madonna co-directed, called secretprojectrevolution.

According to BitTorrent, the Act of Killing bundle will include:

VICE Presents: Werner Herzog and Errol Morris on The Act of Killing

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Apple Says It Has Never Worked With NSA To Create iPhone Backdoors, Is Unaware Of Alleged DROPOUTJEEP Snooping Program

Apple has contacted TechCrunch with a statement about the DROPOUTJEEP NSA program that detailed a system by which the organization claimed it could snoop on iPhone users.

Apple says that it has never worked with the NSA to create any ‘backdoors’ that would allow that kind of monitoring, and that it was unaware of any programs to do so.

Here is the full statement from Apple:

Apple has never worked with the NSA to create a backdoor in any of our products, including iPhone. Additionally, we have been unaware of this alleged NSA program targeting our products. We care deeply about our customers’ privacy and security.  Our team is continuously working to make our products even more secure, and we make it easy for customers to keep their software up to date with the latest advancements.  Whenever we hear about attempts to undermine Apple’s industry-leading security, we thoroughly investigate and take appropriate steps to protect our customers.  We will continue to use our resources to stay ahead of malicious hackers and defend our customers from security attacks, regardless of who’s behind them.

The statement is a response to a report in Der Spiegel Sunday that detailed a Tailored Access Operations (TAO) unit within the NSA that is tasked with gaining access to foreign computer systems in order to retrieve data to protect national security. The report also pointed out a division called ANT that was set up to compile information about hacking consumer electronics, networking systems and more.

The story detailed dozens of devices and methods, including prices for deployment, in a catalogue that could be used by the NSA to pick and choose the tools it needed for snooping. The 50-page catalog included a variety of hacking tools that targeted laptops and mobile phones and other consumer devices. Der Spiegel said that these programs were evidence that the NSA had ‘backdoors’ into computing devices that many consumers use.

Among these options was a program called DROPOUTJEEP — a program by which the NSA could theoretically snoop on ‘any’ Apple iPhone with ’100% success’. The documents were dated 2008, implying that these methods were for older devices. Still, the program’s detailed capabilities are worrisome.

Researcher and hacker Jacob Applebaum — the co-author of the articles, coinciding with a speech he gave at a conference about the programs — pointed out that the ’100% success rate’ claimed by the NSA was worrisome as it implied cooperation by Apple. The statement from the company appears to preclude that cooperation.

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Why 2014 Is The Year You Change

Editor’s note: James Altucher is an investor, programmer, author, and several-times entrepreneur. His latest book is “Choose Yourself!” (foreword by Dick Costolo, CEO of Twitter). Follow James on Twitter 

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LG May Be Taking Another Stab At The Wearable Activity Tracking Formula

CES 2014 is just around the corner, along with enough new gadgetry to fill several lifetimes. Last year we saw a glut of activity trackers pop up in the wake of notable hits like the Fitbit and Jawbone’s UP, and now it looks like LG is taking yet another stab at the wearable fitness formula with its newly leaked (thanks to

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Sony Rumored To Be Considering A Windows Phone Handset In 2014

According to The Information, Sony could release a Windows Phone device, diversifying its mobile device lineup, bolstering Microsoft, and perhaps demonstrating a growing wish among hardware firms to hedge against an Android-dominated future.

Sony appears to be strongly interested in the project. The Verge wrote this morning that the company has continued the project despite Microsoft’s plan to purchase Nokia’s handset business. Its willingness to consider building a Windows Phone device despite the platform having a firm home-advantage tilt towards Microsoft’s own hardware is indicative.

For Sony the move would diversify its mobile line away from Android, a platform now generally associated with Samsung hardware. The irony to that is the simple fact that Nokia is the de facto Windows Phone OEM, so Sony would be entering into a second realm where it would be a second-place player.

The winner in Sony’s potential entrance is Microsoft, even if the release of a Vaio-branded Windows Phone handset could potentially slow sales growth of its — soon to be owned — Lumia phones. Microsoft would collect a per-unit fee, perhaps enjoy faster overall platform sales growth, and, of course, there has ever been an implied connection between the Windows Phone and Xbox product lines. We have yet to see hard evidence in my estimation that one leads to greater use of the other, but the shared Xbox platform experience must have some impact on consumer activity.

Therefore, Sony building a Windows Phone would have some positive impact on Xbox. And that would, presumably, come at the cost of Playstation momentum.

According to the latest public data, Nokia’s control of usage share in the Windows Phone hardware ecosystem is now more than 92 percent. That’s dangerous for Microsoft as betting your mobile platform on a single device stack could lead to platform risks (a poor hardware update cycle could slow growth for a year, etc.), meaning that Sony’s joining the Windows Phone cadre could better moor Windows Phone.

When Windows Phone launched, it did so with OEM partners as diverse as Dell. There has been a winnowing. If Microsoft can flip that trend, it will have gone a ways to proving that the progress it made in 2013 was no fluke.

Top Image Credit: Flickr

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The Best And Worst Gadgets Of 2013

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2013 was a heady year: a time of hope; a time for sadness; a time for twerking; and a time for doge.

But it was also a time for gadgets. As we wait for 2013 to come to a close and hope for brighter things for the year to come, here’s a look at the gadgets we loved, the ones we hated, and the ones that we found aesthetically offensive.

The Good

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