Reed

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…

At this point, it feels like every leading man working in Hollywood who’s yet to appear in the MCU has been linked to the part of Reed Richards in Marvel’s upcoming Fantastic Four reboot. Diego Luna, Penn Badgley, even Henry Cavill… You name it, they’ve been touted as a potential contender to replace Doctor Strange 2‘s John Krasinski as Mr. Fantastic. Although the latest actor who’s going through the rumor mill might be the biggest stretch yet. Building on a claim insider Jeff Sneider made in October, Beyond the…

With the crushing news to many, including the actor himself, we found out that Henry Cavill will not be back to play Superman despite him having announced only weeks earlier that he would be. The actor took to social media to share the news that had many somewhat confused as they sympathized with how Cavill must have felt having had the role dangled in front of him only to be taken away. Now that DC has “done him dirty” as some may believe, Marvel fans are finding a way to shoehorn him into the MCU. Cavill’s dismissal…

In a turn of events that wasn’t as surprising as it really should have been, fans spent years demanding John Krasinski be cast as the Marvel Cinematic Universe’s Reed Richards, only to decide that they didn’t want him anymore as soon as he debuted in Doctor Strange in the Multiverse of Madness. You can see why Emily Blunt looks like she’s ready to throw hands anytime someone asks her about potentially joining her husband in the world’s biggest franchise, because the people turned on Krasinski in almost record time. In…

Despite being Marvel’s first family, The Fantastic Four have had a rough time on the big screen. First came the terrible Roger Corman 1990s movie, famously only made, so the rights to the IP wouldn’t expire. Then came the two Fox movies in the 2000s, which weren’t awful, but landed squarely in mediocrity. Most recently, we got 2015’s Fantastic Four, which has a reputation as one of the worst superhero movies of the modern era. Marvel Studios is hoping to turn that around with its Fantastic Four movie, which is being…