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The Latest Breaking News from Reed Hastings

Netflix Co-Founder Reed Hastings Sticks His Neck Out on Biden Debate

The frequent donor to Democratic causes and candidates states a strong opinion on whether President Biden should abandon his fraught re-election bid

Broadcasting & Cable

Netflix co-founder and Democratic megadonor calls for Biden to step aside

Reed Hastings one of first major party donors to urge Biden to bow out, telling him to make room for a ‘vigorous’ leader

The Guardian - US

Netflix wants managers to ask themselves whether they would rehire their current employees—and fire them, if the answer is no

"We encourage everyone to speak to their managers about what’s going well and what’s not on a regular basis. This helps avoid surprises."

Fortune

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Netflix Releases Version 4.0 of Its 'Culture Memo': Shorter New Iteration Provides Some Boundaries to Abject Personal Freedom

The first 'Culture Memo' published post-Reed Hastings still defines Netflix as a destination for 'Dream Team' employees, but it now acknowledges the need for some structure

Broadcasting & Cable

Exploring The Top 10 Internet Visionaries

Discover the pioneers who shaped the digital world, from inventing the web to disrupting entertainment and social media.

Top News

Exploring The Visionaries Of Internet Success

Explore the profiles of tech visionaries who revolutionized the internet and digital technology.

Top News

‘The few times I’ve done investing, I’ve lost my shirt’: Reed Hastings opens up on his investing track record

The Netflix cofounder says his investments are “pure” index funds—and about $1.9 billion in Netflix stock.

Fortune

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Exploring The Top 10 Tech Entrepreneurs Of The Decade

Explore the impact of top tech entrepreneurs like Elon Musk, Jeff Bezos, and Mark Zuckerberg on the industry over the past decade.

Top News

Facebook Tanked Its 'Watch' Streaming Biz to Keep Netflix Spending Hundreds of Millions of Dollars on Ads, Class-Action Antitrust Suit Reveals

With Netflix co-founder and former CEO Reed Hastings on the Facebook board, the streaming giant even got access to the private messages of the social network's users, plaintiffs say

Broadcasting & Cable

Exploring The Influential Figures Shaping Internet Culture

Discover the top 10 internet visionaries transforming the digital world with innovation and influence.

Top News

Exploring The Top Entrepreneurs Shaping US Business Today

Explore the transformative impact of visionary entrepreneurs like Elon Musk, Jeff Bezos, and Oprah Winfrey.

Top News

Plundering Dave Gandler’s (Winnable) Case vs. Spulu, Denis Villeneuve’s Chris Nolan Moment, Chris Nolan’s Disc Dreams, Bob Iger’s Bollywood Hustle … and the Wild Hallucinations of Townes Van Zandt

In this week’s ‘Next Text,’ we further isolate ourselves and make our sense of loneliness and alienation even worse

Broadcasting & Cable

Exploring The Top 10 Tech Ceos Of The Decade

Explore the top 10 most influential tech CEOs of the decade and their contributions to the industry.

Top News

Reed Hastings: Netflix co-founder gives $1.1bn of stock to Silicon Valley

The donation represents about 40% of Hastings’ Netflix stock

Evening Standard

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Broadcasting & Cable

As in ‘Billion’ With a ‘B’: Reed Hastings Donates $1.1 Billion in Netflix Stock to Charity

Streamer’s co-founder is now only the 491st richest man in the world

Fortune

The peak TV revolution has curdled into a wasteland and Netflix is ‘unwatchable,’ legendary cultural critic Peter Biskind says. He’s afraid of what comes next

Streaming is remaking itself into the image of old Hollywood. "The difference between streaming and the networks is crumbling," says entertainment historian Peter Biskind.

Broadcasting & Cable

Netflix Targets $40 Million in 2024 Pay for Co-CEOs Ted Sarandos, Greg Peters

Executive chairman Reed Hastings set to get $1 million

The Independent UK

Netflix's DVD-by-mail service bows out as its red-and-white envelopes make their final trip

The curtain is finally coming down on Netflix’s once-iconic DVD-by-mail service, a quarter century after the birth of a concept that obliterated Blockbuster video stores while providing a springboard into video streaming that has transformed entertainment

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Fortune

Fewer Fortune 500 companies are run by their founders in 2023

The number of founder-CEOs at Fortune 500 companies has dropped since last year.

Fortune

Hollywood writers take revenge on Netflix as shareholders follow union’s advice and reject executive compensation deals

The company’s co-CEOs have been offered packages worth upward of $30 million.

Manchester Evening News

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

WEKU

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.

Fortune

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.

Broadcasting & Cable

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

Fortune

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.

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