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The Latest Breaking News from Reed Hastings

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

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

Netflix’s subscriber growth is surging again

The Independent UK

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.

Fortune

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.

Bangkok Post

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.

InsideEVs

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‘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

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

The Independent UK

Calif.'s flawed electric car initiative

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

Salon

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.

Benzinga

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.

Bangkok Post

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.

WEKU

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’.

The Independent UK

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Investors Business Daily

Think Your Losses Hurt? 5 Hardest-Hit Investors Lose $160 Billion

Here's something to cheer you up if you're among investors losing lots of money on the S&P 500 this year. You didn't drop anywhere near that of five unlucky investors.

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

The New Daily

Streaming struggles: Why countries have banned these major releases

Streaming giant Netflix has been threatened with legal action by six Gulf nations if it doesn't remove "offensive" content from its platform.

The New Daily

Advertising on Netflix arriving in Australia sooner than we thought

Originally scheduled to arrive sometime in 2023, sources say Netflix's ad-based model will now arrive in select countries as soon as November.

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Benzinga

Are Netflix Subscribers Playing Its Video Games? Here's The Latest Data

Streaming giant Netflix Inc (NASDAQ: NFLX) has seen its base of subscribers decline in 2022. Video games and an ad-supported plan could be among the growth areas for the company. A new report shows the company’s early role in the video game sector might be underwhelming.

Salon

Netflix lost subscribers; could be worse

"Squid Game," "Bridgerton" and more are still keeping the streamer afloat

The New Daily

Why Netflix was happy to lose a million subscribers

Netflix lost almost one million subscribers over the second quarter – but that's actually good news for the streaming giant.

Axios

Netflix feels the heat

Executives say the end of their subscriber losses is in sight.

Asharq Al-Awsat

Netflix Subscriber Numbers Drop Two Quarters in a Row

Netflix reported losing subscribers for the second quarter in a row Tuesday as the streaming giant battles fierce competition and viewer belt tightening, but the company assured investors of better days ahead. The loss of 970,000 paying customers in the most recent quarter was not as big as expected, and…

Benzinga

Formula One Excitement Bodes Well For Shareholders As Rights Deal, Brad Pitt Film Move Forward

Shareholders of Liberty Formula One (NASDAQ: FWONA)(NASDAQ: FWONK) could soon be excited as the global racing league continues to expand and grow its viewership across the U.S.

Asharq Al-Awsat

Netflix Trims Staff to Weather Slowing Growth

Netflix on Tuesday said it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. "These changes are primarily driven by business needs rather than individual performance, which makes them especially tough, as none of us want to say…

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