Latest in Reed Hastings

Netflix CEO Reed Hastings will see his total compensation rise 10% to just shy of $34.7 million in 2020, the company disclosed Monday in an SEC filing. The streaming giant annually provides a look ahead at its executive compensation just before the end of December. In 2018, Hastings earned a total of $31.5 million…

Netflix has signed a production and distribution agreement with Korean media outfit CJ ENM and its subsidiary Studio Dragon, one of the country's leading series producers. Studio Dragon has credits including the Guardian: The Lonely And Great God, which is one of Korea’s most successful shows of all time. The…

Netflix founder and CEO Reed Hastings tackled a wide array of issues surrounding the streaming giant during a packed 30-minute keynote session at the New York Times‘ DealBook conference Wednesday. Asked about Topic A, the unprecedented wave of streaming competition coming from Apple and Disney this month and then…

The Netflix management team spent a large portion of their 38-minute “earnings interview” for the third quarter highlighting their aggressive push into the film business and their view of streaming competition. CEO Reed Hastings touted the fourth-quarter slate of films, a nearly billion-dollar array of work from…

Netflix stock retreated nearly 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…