Latest in Reed Hastings

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…

Coming off a better quarter than anticipated, Netflix founder Reed Hastings today was showing some swagger again and a lot of gratitude to the first part of Stranger Things‘ latest season. "Streaming is working everywhere, everyone's pouring in," the co-CEO said Tuesday following the company's second quarter results…

Netflix’s fabled “culture deck,” which over the years has taken on the importance of the Magna Carta in tech and business circles, has gotten some updates reflecting the streaming giant’s current circumstances. The document, which is based on a PowerPoint deck created by Co-Founder and Co-CEO Reed Hastings, lays out…

Netflix is intensifying its surprisingly sudden embrace of advertising, signaling to employees that it may roll out a cheaper, ad-supported tier of its streaming service by the end of 2022. The new potential timeline would be considerably faster than the 1-to-2-year forecast the company offered last month in a…

Netflix has opened an office in Italy and unveiled a huge slate of scripted and unscripted series and films from many of the country's biggest producers, with Co-CEO Reed Hastings detailing the streamer’s roots in the nation. Located in the heart of Rome, the office will house around 70 staff and adds to Netflix's…

A crew of sober Netflix execs said a password-sharing crackdown on the army of 100 million viewers who use the service for free is front and center and being tested but could take about a year to roll out, and it's not clear what it will look like. "We've just got to get paid for them to some degree for them,"…

Netflix co-CEO Reed Hastings finally acknowledged what most people outside of the company have been saying for years: In order to keep growing, the company will need to incorporate ads. The executive offered his view on the subject Tuesday after Chief Product Officer Greg Peters addressed the spread in pricing among…

Netflix co-CEOs Reed Hastings and Ted Sarandos each saw a slight dip in their total compensation in 2021 compared to 2020, according to a new SEC filing. The company’s preliminary proxy statement filed Friday said Hastings made a total of $40.8 million last year, compared with $43.2 million in 2020. Sarandos collected…

Backed against the wall, Netflix wants a Texas District Attorney stopped from hitting the streamer with child pornography charges over the coming-of-age drama Cuties. “Netflix brings this Complaint to enjoin Tyler County District Attorney Lucas Babin from abusing his office and infringing Netflix, Inc.'s…

Just hours after Deadline reported that Netflix is pausing all of its production and acquisitions work in Russia, the company’s co-founder, chairman and co-CEO Reed Hastings announced a $1 million donation to an organization providing emergency relief to Ukraine. “$1m donation on the way for emergency relief to Razom,&#8221…

Netflix Co-CEO Reed Hastings bought $20 million shares of the streaming giant after a big drop in the stock price following quarterly earnings. The stock's volatility — since recent financial results showed lighter than expected subscriber growth – is viewed as a buying opportunity by Hastings and others investors…

The Netflix team played it cool Thursday as CFO Spencer Neumann attempted to reassure Wall Street that "there's no structural change in the business that we see." The company’s shares had plunged 20% in after-hours trading earlier Thursday, pulling media stocker down. Execs speaking on a post-earnings video Q&A…