Latest in Reed Hastings

Netflix bosses said Tuesday that consolidation in the media sector hasn’t impacted its growth and that the streamer doesn’t see any ‘must have’ deals to jump on in the midst of an industry M&A frenzy, although it looks at everything. In a letter to shareholders at the release of its mixed second-quarter earnings report…

Reed Hastings, the co-CEO of Netflix, has shelled out a whopping $3 million to a fund opposed to the recall of California Governor Gavin Newsom. The contribution was reported to the California Secretary of State on Thursday afternoon, and is the largest single contribution to date to the Stop The Republican Recall…

Netflix co-CEOs Reed Hastings and Ted Sarandos earned, respectively, $43.2 million and $39.3 million in 2020. The pay was up for both. Chairman and founder Hastings earned $38.6 million the year before, when Sarandos took home $34.7 million. Hastings base salary was only $650,000 with the bulk of his compensation from…

EXCLUSIVE: Netflix Chief Talent Officer Jessica Neal, who has headed HR for nearly four years, is exiting the company. Netflix just sent a memo to staff with the news. The company confirmed Neal’s departure to Deadline but declined to address questions about the reasons behind her leaving or whether a successor has…

It’s a streaming world, and we’re just living in it. With a majority of the globe’s movie theaters closed due to Covid, and Hollywood studios scrambling to figure out new distribution models, Netflix has already been experiencing the roaring ’20s with close to 204 million subscribers taking in the service worldwide…

When he took on the challenge of building a film program for Netflix three and one-half years ago, over other more traditional studio head jobs, Netflix Head of Original Films Scott Stuber was tasked with elevating the volume of releases, but also to use his relationships with talent to bring them aboard at a time…

Chairman and co-CEO Reed Hastings is set to receive $34 million worth of stock options and a salary of $650,000 for 2021, Netflix said in a SEC filing Monday. Co-CEO and chief content officer Ted Sarandos, who takes less of his compensation in stock, will receive options worth $14 million and a $20 million annual…

UPDATE, 6:55 PM:  Netflix got swiped in court today for swiping one of Viacom's executives back in 2018, but not as much as expected. Just like in his tentative order of last week, though Judge Jon R. Takasugi gutted the streamer's argument that the Shari Redstone ruled company broke the famed seven-year rule with its…

EXCLUSIVE: A lawsuit filed Friday by Activision Blizzard against Netflix for snagging one of the video game giant's top executives surely must be an unwelcome case of deja voodoo for the streamer. "Netflix unapologetically recruits talent without regard to its ethical and legal obligations," declares the complaint…

Media patriarch John Malone in a rare appearance said he’d pushed DirecTV to buy Netflix when he was chairman of the satellite broadcaster – a position he held from 2008-10. The Liberty Media founder and chairman said he had invited Netflix co-founder Reed Hastings to a Liberty board meeting "and he assured us all…

George Gascón's bid to be Los Angeles County's next District Attorney replacing two-term incumbent Jackie Lacey has all the drama of a Hollywood production, and the challenger has a lot of the industry’s backing to support that idea. Netflix co-CEO Reed Hastings, newly minted Warner Bros TV boss Channing Dungey, FX…

Netflix co-CEOs Reed Hastings and Ted Sarandos tackled a range of topical issues Tuesday as they offered context for their less-than-expected gain in subscribers during the third quarter. During their quarterly earnings interview posted to YouTube, Hastings was asked by moderator and Barclays analyst Kannan…