reedhastings
Reed Hastings is stepping down as CEO of Netflix. The streaming giant will see a new regime as current chief product officer and chief operating officer Greg Peters and chief content officer Ted Sarandos will jointly step into the role after the 62-year-old founder announced his decision to step aside. After creating the company with Marc Randolph in 1997 as a DVD mail rental service as a rival to the now-defunct Blockbuster, he took it to new heights by leading the streaming revolution in Hollywood for TV and films but is happy to leave it in their trusty hands, especially after the struggles...
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Rian Johnson is "pushing" for 'Glass Onion: A Knives Out Mystery' to return to cinemas. The murder mystery film was given a one-week theatrical run last month before it begins streaming on Netflix on December 23. Netflix chief Reed Hastings said that the company left "lots" of money on the table but not giving the movie a wide release and Rian hopes that it can be seen by more people. He told Insider: "Any theatres we can get into at any point, I'm pushing for. I want more people to have the opportunity to be able to watch it." Rian explained that it is still unclear whether cinemas will scree...
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Netflix is aiming to be the "big leader" in video games. The streaming giant - which offers a vast amount of film and television programming to 223 million subscribers worldwide - is set to be heavily investing in video games at some point in the future, according to CEO Reed Hastings. He told Vox: "Talk to us after we’re a big leader in games. We have a lot of investment to do in games!" Last month, it was revealed that Netflix are now now gearing up to launch a series of games with developer Ubisoft, including a new 'Assasins' Creed.' In a statement, Netflix said: "The first game in the part...
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Ben Affleck has criticised Netflix for their "assembly line process" of film production. The 50-year-old actor has launched the production company Artists Equity with his friend Matt Damon and has revealed that he wants to focus on smaller dramas rather than action blockbusters as he questioned the streaming giant for focusing on "quantity" over quality. Speaking at the New York Times' Dealbook Summit, Ben said: "If you ask (Netflix co-CEO and chairman) Reed Hastings... he'd say, 'Hey, we went for quantity to establish a footprint.' "I'm sure there's wisdom in that and I'm sure they had a grea...
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Netflix will publish the viewership its show get in the UK. The streaming giant has joined Barb - the first industry-operated ratings service the company has ever participated in - and will begin releasing viewing numbers for its shows in November. The move - which will monitor titles like ‘Sex Education’, ‘Stranger Things’ and the hotly anticipated follow up season of royal drama ‘The Crown’ - will allow data to be looked at by journalists, advertisers, its competition to discern the success of their properties. Netflix - who historically have only shared numbers for some series, such as 2021...
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Netflix could be about to buy Roku. The streaming giant is reportedly set to buy its fellow media service and the subject of the purchase is said to have become "focus of internal chatter" amongst employees at Roku, according to BusinessInsider. A business insider told the outlet: "It makes sense with where Netflix wants to go. And it makes sense in this current environment. Everyone is looking around thinking, 'I was worth twice as much last year. What happened?" One senior-level employee of Roku also added that the supposed sale would "align well" with Netflix's in terms of their current pos...
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Disney Plus will keep the commercials on the ad-supported model PG, says report. The streaming service is trying to “careful” be mindful to maintain their family-friendly branding by prohibiting advertisements for alcoholic drinks, political campaigns and other more adult themes when they launch the cheaper subscription, which is expected to debut in late 2022. According to Variety, sources explained that “"Disney is being careful, according to two media buyers with knowledge of recent discussions between the company and advertising agencies, wary of overwhelming the streaming outlet with a gl...
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Netflix has hinted they are going to further crackdown on password sharing. The streaming service revealed to shareholders the measures they intend on taking after the number of subscribers dropped by 200,000 in the first financial quarter following the fee hike and the departure from the Russian market in light of the invasion of Ukraine. On Tuesday (18.04.22, shareholders were told: "Our revenue growth has slowed considerably” as they warned that they expected a further two million users to leave them They went on: "Our relatively high household penetration - when including the large number ...
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Whitney Tilson’s email to investors discussing Reed Hastings’ new book and interviews; Winning championships by having only stars on your team; Hastings Deems Remote Work ‘a Pure Negative’; Silicon Valley’s Culture Clash; Doug Kass: What Does Etsy Tell You About Tesla?; Insider trading at Tesla?Q2 2020 hedge fund letters, conferences and moreReed Hastings' New Book And Interviews1) Netflix (NFLX) CEO Reed Hastings and business school professor Erin Meyer released their new book yesterday, No Rules Rules: Netflix and the Culture of Reinvention. I'm really enjoying listening to it on Audible and...
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