Latest in Reed Hastings

If Hell hasn't frozen over today, it got distinctly colder as Netflix brass promised to start revealing a lot more of their actual viewership. "Over the next several months, we're going to be rolling out more specific and granular data and reporting, Ted Sarandos said on Tuesday following the first quarter earnings…

Netflix revealed today in its first quarter earnings report that it has recorded its highest quarterly paid net adds in its history with 9.6 million new subscribers. Despite the healthy Q1 results, the stock down over 4% in after hours trading on a historic trading day. A lot of that comes from the billions in debt…

Netflix CEO Reed Hastings has departed from Facebook’s board of directors, the social media company said Friday. Along with Erskine Bowles, the former White House chief of staff and University of North Carolina president, Hastings had served on the board since 2011. Bowles is also exiting. In an announcement of the…

Netflix has unveiled two new Spanish originals including an adaptation of a Harlan Coben story as Reed Hastings was in Madrid to open the SVOD service's first European production hub. The digital platform has ordered El Inocente and Los Favoritos de Midas. El Inocente is a remake of Coben's book and has been adapted…

They may not be in the Steve Jobs Theater today at Apple HQ, but Reed Hastings and Jeff Bezos will certainly be watching when Tim Cook unveils the company’s new streaming service that the home of the iPhone has been cooking up under lock and key the past two years. Having seen their companies dominate the latest…

"Our success doesn't determine their success," Reed Hastings said Monday about the increased competition for Netflix in cable and from other streamers, both current and to come. "We will make this a better industry if we have better competitors," he CEO added with a smile, hiding battle scars to come. Despite that…

Netflix CEO Reed Hastings and Chief Content Officer Ted Sarandos say original programming is starting to overtake acquired fare and its platform has scaled to the point that linear rivals like HBO and Disney are not principal’s main rivals. Those were two of the key takeaways from Netflix’s fourth-quarter earnings…

Netflix CEO Reed Hastings and Chief Content Officer Ted Sarandos will see their pay packages rise to $31.5 million in 2019. Hastings will collect an annual salary of $700,000 and stock options worth $30.8 million, according to the SEC filing. That’s a increase from his 2018 pay package, when he received options valued…

Netflix said Axel Springer Chairman and CEO Mathias Döpfner will join its board of directors, an appointment that reflects the streaming service’s global focus. Based in Berlin, Döpfner leads Europe's leading digital publishing house, with brands including Bild, Die Welt, Business Insider and Politico Europe. "We are…

Netflix has hired Vernā Myers as vice president of inclusion strategy, a newly created role to help promote cultural diversity, inclusion and equity into all aspects of Netflix's operations worldwide. The hiring follows the ouster of Netflix’s chief spokesman, Jonathan Friedland, over racially insensitive remarks. At…

The Parents Television Counsel is calling on Netflix to remove the controversial Argentinian film Desire from the streaming service, saying the company is placing profits ahead of corporate responsibility in distributing what it considers child porn. The film depicts a 9-year-old girl masturbating for the first time…

In their quarterly video conference moderated by a single Wall Street analyst — in this case, Todd Juenger of Sanford Bernstein — Netflix execs shrugged off the company’s disappointing second-quarter results. “The fundamentals have never been stronger,” CEO Reed Hastings said, citing record levels of viewing and…