Tag: reed hastings

Netflix’s Hastings gives up CEO title; Peters named Co-Chief
20Jan By adminNo Comments
Technology

Netflix’s Hastings gives up CEO title; Peters named Co-Chief

[ad_1] Netflix Inc. co-founder Reed Hastings is stepping aside as chief executive officer of the company. 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. Sarandos, who was already co-CEO, is the company's public face in Hollywood while Peters, previously chief operating officer, has overseen its product development and push into advertising. Hastings, 62, will serve as executive chairman of the company. “Our board has been discussing succession planning for many years (even founders need to evolve!),” Hastings said in a blog post. “The board and I believe it's the right time to complete my succession.” Netflix e...
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Europe Considers Making Big Tech Pay for Building the Internet
27Sep By adminNo Comments
Technology

Europe Considers Making Big Tech Pay for Building the Internet

[ad_1] One of Europe’s top officials called the CEO of Netflix Inc. and told him to make his product worse. When binge-watching TV became a universal pastime at the height of the pandemic, one of Europe's top officials called the Chief Executive Officer and co-founder of Netflix Inc. and told him to make his product worse. Internal Market Commissioner Thierry Breton wanted Netflix to reduce the quality of its videos to free up bandwidth, fearing that Europe's networks were under strain. Reed Hastings complied, cutting data output by about 25% for a month. So did YouTube. It didn't matter there was little evidence that networks were overloaded, or the fact Netflix already adapts video quality based on the capacity of the ...
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