Hastings

Howdy, folks! Happy Friday. While our fearless Week in Review leader Greg enjoys parental leave, I’m filling in, curating the latest on the tech news front. It was a roller coaster of a week once again as economic headwinds took a brutal, demoralizing toll, and as chaos reigned at Elon Musk’s Twitter. Somewhere in the midst of all that, Boston Dynamics demoed an improved bipedal robot, Wikipedia launched a redesign and major universities banned TikTok from their campus networks. Yeah — a lot happened. Before we get…

Netflix Inc. co-founder Reed Hastings is stepping aside as chief executive officer of the company. Netflix Inc. co-founder Reed Hastings is stepping aside as chief executive officer of the company he's led for more than two decades, leaving the position to his two longtime associates, Ted Sarandos and Greg Peters. Sarandos, who was already co-CEO, is the company's public face in Hollywood while Peters, previously chief operating officer, has overseen its product development and push into advertising. Hastings, 62,…

Netflix co-founder Reed Hastings announced on Thursday he will step down as chief executive, handing the reins of the streaming service to his longtime partner and co-CEO, Ted Sarandos, and the company's chief operating officer, Greg Peters.Sarandos and Peters will share the title of chief executives, with Hastings serving as executive chairman. The change is effective immediately, representing the culmination of a decade of succession planning by the board. Both Peters and Sarandos were promoted in July 2020, amid a…

Reed Hastings, Netflix co-CEO and one of the company’s co-founders, is stepping down. In his place, the streaming service’s board has appointed two executives to lead the company together: Ted Sarandos, who has been a chief executive officer alongside Hastings since 2020, and Greg Peters, previously Netflix’s chief operating officer. The company announced the regime change, apparently years in the works, in a blogpost, published on Thursday along with the streamer’s 2022 last quarter financial report. Hastings won’t be…

Netflix Inc. NFLX -3.23% said co-founder Reed Hastings has stepped down as co-chief executive and will become executive chairman, in a leadership shake-up that comes as the streaming giant beat its own forecast for subscriber gains.The company on Thursday elevated Greg Peters, who was key to the swift launch of an ad-supported tier of Netflix, and previously served as chief operating officer, to co-CEO…

After 25 years of helping to build Netflix into the streaming powerhouse that it is today, founder and co-CEO Reed Hastings is stepping down. In an announcement shared through the company’s blog, Hastings announced that starting today, he will step down from the role of CO-CEO and instead, serve as Executive Chairman of the company’s Board of Directors. Greg Peters, who has served as the company’s Chief Operating Officer for the last two and a half years, is being promoted to co-CEO. Ted Sarandos will remain as…

Netflix co-founder and CEO, Reed Hastings, is in Sydney to meet with executives of other subscription streaming services, February 25, 2022.Wolter Peeters | Fairfax Media | Getty ImagesNetflix founder Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced along side its earnings report Thursday.Co-CEO Ted Sarandos will remain in his position. Greg Peters, most recently chief operating officer, will assume the post of co-CEO in Hastings' place. Peters will also join the company's…

One of streaming's most influential figures is stepping away from the spotlight. Netflix co-creator Reed Hastings is stepping down as the company's co-CEO. Ted Sarandos, who has been co-CEO since July 2020, will share the reins with newly promoted operations chief Greg Peters. The change takes effect today. Hastings says he'll remain involved as Executive Chairman, serving as a "bridge" between the board of directors and the new CEOs. The departing leader characterized the move as a long-expected transition. Sarandos and…

Reed Hastings, co-founder, chairman, and co-chief executive officer of Netflix, arrives for the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S. July 6, 2021.Brian Losness | ReutersNetflix founder and co-CEO Reed Hastings said Wednesday he was slow to come around to advertising on the streaming platform because he was too focused on digital competition from Facebook and Google."I didn't believe in the ad-supported tactic for us. I was wrong about that. Hulu proved you could do that at scale and…

Nicole Sperling / New York Times: Sources detail Netflix's internal debate over embracing theatrical releases for big-budget movies, something Ted Sarandos and Reed Hastings call a distraction — The company agreed to some exclusive theatrical distribution for “Glass Onion” and “Matilda the Musical,” but it's not clear exhibitors will get much more. Nicole Sperling / New York Times: Sources detail Netflix's internal debate over embracing theatrical releases for big-budget…