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The Times of India
The Times of India
World
TOI World Desk

Reed Hastings took control of Powder Mountain with $100M in 2023; now he is spending $200M more

What happens when a Netflix co-founder turns his attention from streaming to skiing? For Reed Hastings, it has meant taking control of one of Utah's largest ski areas and attempting to reshape how a mountain resort operates. Hastings became the controlling owner of Powder Mountain in 2023 after investing $100 million, and his plans have since gone well beyond a conventional ski-resort upgrade. The project combines public skiing with an exclusive private community, new lifts, luxury amenities and a major residential expansion, with major new investments now expanding both its public and private skiing operations.

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