Netflix CEO Reed Hastings could be in for big raise in 2019.

The streamer disclosed in a regulatory filing Dec. 28 that its top executive could make as much as $31.5 million during the upcoming year. That compares with the up to $29.4 million he stood to receive for his work in 2018. Hastings' 2019 pay package is made up of just $700,000 in salary and as much as $30.8 million in stock options.

Content chief Ted Sarandos will also see his compensation go up in 2019, matching Hastings' $31.5 million potential total. That's up from the $26.2 million pay package that he was offered in 2018. It also marks the first time that the Los Angeles-based Sarandos will make the same amount as Netflix founder Hastings, a sign of just how important his work building the company's content offerings is to its overall growth. Sarandos' pay is made up of $18 million in salary and $13.5 million in stock options.