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The Latest Breaking News from Reed Hastings

Exploring The Top Entrepreneurs Shaping US Business Today

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

The donation represents about 40% of Hastings’ Netflix stock

Evening Standard

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

Broadcasting & Cable

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.

Fortune

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

Executive chairman Reed Hastings set to get $1 million

Broadcasting & Cable

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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

The Independent UK

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.

Fortune

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

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

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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.

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.

The Guardian - US

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

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Fortune

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.

The Street

Five Things We Don't Still Don't Know About Netflix After Its Blowout Q4 Earnings

Netflix shares have added more than $75 billion in value since their early June trough, but the streaming giant faces a series of tough challenges heading into a pivotal year for the sector.

Evening Standard

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

Hastings launched the business in 1997

Fortune

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.

Asharq Al-Awsat

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…

Tribune News Service

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.

The Independent UK

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

Netflix’s subscriber growth is surging again

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