Netflix Chief Content Officer Ted Sarandos, who has acquired new programming for the company since 2000 and who received $18.9 million in compensation in 2016, recently purchased a Malibu property for $20 million with his wife, Nicole Avant, Variety reported.
The oceanfront, three-story home is a modern-day Italian palazzo with beach access and a guest house.
Sarandos purchased the property from Los Angeles-based financier J. Blair Frank, who had rented the property to Janet Jackson in 2009. Sarandos and Avant also own another home in Malibu.
Take a look at the gorgeous space, below.
SEE ALSO: A VC and former tech CEO is selling his enormous $30 million Utah ranch — take a look inside
The property is 4,636 square feet.
Views and easy access to the beach can be enjoyed from the large patio, which has various lounge areas.
The interior of the living and dining room also provide an open view.
See the rest of the story at Business Insider