Latest in Reed Hastings

Netflix stock closed the week at its highest level since last April, rising more than 8% Friday to end at $342.50 after the company reported strong subscriber growth and executed a smooth handoff atop its executive ranks. A darling of investors for most of its two-plus decades of public trading…

Newly minted Netflix Co-CEO Greg Peters and Ted Sarandos, who has held that title since 2020, say no major strategic shifts are in the immediate offing after Reed Hastings passed them the leadership baton. “We don’t have a bank of changes that we’ve been holding for this moment,” Peters said during…

Netflix has a new co-CEO. Netflix on Thursday announced that Greg Peters, who was previously COO and head of product, has been promoted to the role, sharing it with Ted Sarandos. It comes as company co-founder Reed Hastings steps down to become Executive Chairman. Related Story Netf…

Netflix co-founder Reed Hastings has given $20 million to Minerva University, a school focused on educating what it describes as “new generations of wise leaders and purpose-driven entrepreneurs” from dozens of countries. The gift “lays the foundation for Minerva University’s long-term sustainable…

Netflix has issued estimates for the 2023 compensation of its top executives, with Co-CEOs Reed Hastings and Ted Sarandos set to take home $34.65 million and $40 million, respectively. The forecast by the board of directors’ compensation committee, disclosed today in an SEC filing, is in line with 20…

Here's another bucket of cold water for the budding romance between Netflix and exhibitors. Founder and co-CEO Reed Hastings fully, almost happily, agreed that his company left lots of money on the table with the limited release and booming ticket sales of Glass Onion: A Knives Out Mystery over…

Elon Musk’s back may be against the wall as Twitter’s new owner, but he has plenty of friends in high places, especially in the tech sector. Netflix co-founder and co-CEO Reed Hastings praised the Tesla billionaire as “the bravest, most creative person on the planet” during a wide-ranging session at…

Liberty Media chairman John Malone slammed AT&T, praised Reed Hastings and affirmed his faith in the Warner Bros. Discovery team led by David Zaslav amid the drama and red ink of today’s streaming wars. "At the moment, there is a lot of blood flowing down the gutters of people who are streaming. Some…

Netflix is looking to get off the bench and into the live sports game. Over the past few months, the streamer has been quietly looking into acquiring the rights to a number of leagues and events, Deadline can confirm. In particular, deals were under discussion for several tennis tours as well as a…

Netflix said Tuesday that its closely watched paid membership number is becoming "just one component" of total revenue growth, so starting in the fourth quarter it will stop offering forward-looking subscriber forecasts. Shares of Netflix – and other streamers – are highly sensitive to subscriber adds, or…

More than three years after Reed Hastings said Netflix wants to be on BARB, the UK ratings agency has its wish. BARB will begin reporting streaming ratings data, which includes Netflix, in the same way it reports local UK broadcasters, digital channels and pay-TV platforms from November 1. BARB…

After a decade-plus of having the streaming field virtually to itself, Netflix now faces historic levels of competition. Disney and other media and tech rivals have narrowed the gap, making for a rocky 2022 marked by subscriber and stock price declines. Yet Netflix has one thing its competitors will never have, and…