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The Latest Breaking News from Reed Hastings

How Netflix went from DVDs in the post to a billion dollar streaming giant after being snubbed by Amazon and Blockbuster

Netflix has become a household name and currently has over 230 million subscribers

Manchester Evening News

Netflix will end its DVD-by-mail service

The DVD service, which still delivers films and TV shows in the red-and-white envelopes that once served as Netflix's emblem, plans to mail its final discs on Sept. 29.

WEKU

Netflix cofounder Reed Hastings’ post-retirement project: Powder Mountain, the stalled Utah ski resort once hyped as a utopia for founders and billionaires

The multibillionaire seems to have abandoned the utopian vision laid out by the 20-something founders of Summit Powder Mountain a decade ago.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

The Great Netflix Correction One Year Later: April 19, 2022, the Day That Transformed the Streaming Biz (Bloom)

Sure, Netflix rebounded nicely, but Wall Street's dramatic reaction to its Q1 2022 earnings had huge impacts on its streaming competitors that continue to reverberate

Broadcasting & Cable

Blockbuster ‘laughed us out of the room,’ recalls Netflix cofounder on trying to sell company now worth over $150 billion for $50 million

Marc Randolph, who cofounded Netflix with Reed Hastings in 1997, sees a lesson in a key moment from the company's history.

Fortune

The star-studded mountaintop utopia that wasn’t

The creators of a "Ted meets Burning Man" conference set out to build a utopia for tech elites and celebrities on Powder Mountain, but it didn't work out quite as planned.

Fortune

4 young founders bought a $40 million Utah ski mountain to build a utopia for tech elites. What could go wrong?

A group of twentysomething entrepreneurs created the wildly successful Summit Series conferences. But building an "intentional" and eco-friendly resort community for the rich and famous is quite a different undertaking.

Fortune

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Netflix’s Reed Hastings changed the way we watch TV – for better or for worse

The departing CEO’s humble company soared to stunning success and paved the way for imitators

The Guardian - US

Alphabet’s layoff notice shows Microsoft and OpenAI are getting under the Google parent’s skin

The search giant used its layoff announcement to foreshadow the coming release of A.I.-powered products.

Fortune

Netflix co-founder Reed Hastings quits as CEO as Harry and Megan documentary beats expectations

Hastings launched the business in 1997

Evening Standard

Meet the Netflix co-CEO taking over from Reed Hastings

Netflix’s incoming co-CEO Greg Peters has a long track record of leading major diversification efforts at the streaming giants.

Fortune

Netflix Soars to 230 mn Subscribers, Co-founder Steps Down

US streaming giant Netflix ended last year with more than 230 million global subscribers, it said Thursday, beating analysts' expectations as hits such as "Wednesday" and "Harry & Meghan" enticed new viewers. "2022 was a tough year, with a bumpy start but a brighter finish," the company said in a…

Asharq Al-Awsat

Netflix’s Hastings gives up CEO title; Peters named co-chief

Netflix Inc. co-founder Reed Hastings is stepping aside as chief executive officer of the company he’s led for more than two decades, leaving the position to his two longtime associates, Ted Sarandos and Greg Peters.

Tribune News Service

Netflix's 4Q subscribers surge, long-time CEO passes baton

Netflix’s subscriber growth is surging again

The Independent UK

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Fortune

Netflix yanks back senior managers’ ability to see their coworkers’ pay

Netflix's culture of 'no rules rules' used to mean senior managers could see salaries at the company. But it just made a new rule about that.

Bangkok Post

The End of Netflix Password Sharing Is Nigh

The end of password sharing is coming to Netflix soon -- and it will be a challenge for both viewers and the streaming giant.

InsideEVs

Industry Leaders Weigh In On Elon Musk And His Moves On Twitter

Musk added Twitter to his repertoire of high-profile companies, undergoing increasing scrutiny. Despite much uncertainty, he is getting some positive attention.

The Independent UK

‘Let’s aim a little higher’: Ben Affleck compares Netflix films to an ‘assembly line’ in impassioned speech

‘I would have said [to Netflix], ‘How are we going to make 50 great movies? How is that possible?’” actor said

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The Independent UK

Netflix nights still come wrapped in red-and-white envelopes

Netflix’s trailblazing DVD-by-mail rental service has been relegated as a relic in the age of video streaming, but there is still a steady — albeit shrinking — audience of diehards who are happily paying to receive those discs in the iconic red-and-white envelopes

Salon

Calif.'s flawed electric car initiative

Prop 30 had widespread support. Then Governor Newsom and billionaires got involved

Benzinga

Bulls And Bears Of The Week: Tesla, Microsoft, Netflix, Roblox And Why El Salvador Citizens Say Bitcoin Is A Bust

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

Bangkok Post

The Great Netflix Debate: Do Its Movies Belong in Theaters?

Inside Netflix Inc.'s movie studio, top executives lobbied Ted Sarandos, the company's co-chief executive, for much of this year to experiment with releasing more Netflix original movies broadly in theaters.

WEKU

Netflix will roll out a cheaper plan with ads for $6.99 per month in November

The Basic with Ads plan will include 15-to-30-second ads before and during shows and films, as well as have a smaller selection of content due to licensing restrictions.

The Independent UK

Netflix agrees to have viewer numbers measured externally by Barb

The streaming service’s co-chief executive Reed Hastings said it was a ‘trusted measurement of how people watch television in the UK’.

Daily Mirror

Netflix shake-up could spell the end for one of its most popular features

Streaming giant considering controversial move that will leave eager viewers in the dark

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