Latest in Reed Hastings

Netflix stock retreated 6% in Friday trading after CEO Reed Hastings described a “whole new world” of streaming competition once Disney+ and Apple TV+ launch in the coming weeks. "While we've been competing with many people in the last decade, it's a whole new world starting in November," Hastings said in an…

Reed Hastings has revealed the one show he wishes Netflix had on its roster: Phoebe Waller-Bridge’s zeitgeisty BBC comedy Fleabag. Speaking at the Royal Television Society's Cambridge Convention on Friday, Hastings told an audience of powerful U.K. television executives that Netflix was “outbid” by Amazon for the…

When Netflix first exposed its intriguing blueprint to the Hollywood studios some years ago, techno-nerds predicted the majors would likely embrace its bold ideas. They were wrong. Hollywood displayed the same chill toward Netflix as it had toward HBO years earlier. Warner Bros declined to invest, for example, but…

In a video conference call to discuss Netflix’s decidedly mixed second-quarter results, Chief Content Officer Ted Sarandos hit on several hot topics, including viewership data, film talent deals and HBO’s record-setting Emmy haul. Appearing alongside CEO Reed Hastings other members of the streaming giant’s management…

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…