Shareholders of Warner Bros. Discovery have voted to reject the 2024 compensation packages of its top executives, including CEO David Zaslav.

WBD held its annual meeting Monday, and shareholders voted down a Say on Pay vote by a margin of 1,063,214,128 votes to 724,453,004 votes. Zaslavs 2024 compensation package rose to $51.9 million.

The vote is symbolic in nature, as the vote is nonbinding, however other companies in the media and entertainment space have adjusted their compensation plans in the wake of shareholder rejection of pay packages. Netflix, for example, made significant changes to its executive compensation after its shareholders rejected its executive compensation in 2023. AMC Theatres shareholders had also rejected CEO Adam Arons pay package that same year. The entertainment business is among the industrys with the highest total executive compensation among sectors.

At the 2024 annual meeting, shareholders had only just barely approved WBDs executive pay packages, and this year Institutional Shareholder Services, an influential shareholder advisory firm, recommended that shareholders reject the pay packages, in light of inadequate responsiveness and an unmitigated pay-for-performance misalignment.

For more detail, see: The Hollywood CEO Pay Mega Chart Revealed. Virisa Yong/Getty Images; Courtesy of Paramount Global; Steve Granitz/FilmMagic; Michael Buckner/Getty Images; Michael Kovac/Getty Images; Kevin Winter/GA/The Hollywood Reporter via Getty Images; Bryan Steffy/Getty Images; John Nacion/Getty Images; Greg Doherty/Getty Images; Jason Kempin/Getty Images; Christopher Polk/Getty Images; Jon Kopaloff/Getty Images; John Shearer/WireImage; Michael Loccisano/Getty Images; Kristina Bumphrey/Getty Images; Jamie McCarthy/Getty Images; Dia Dipasupil/Getty Images.