Netflix co-founder Reed Hastings to step down as chairman

Hastings set up the company in 1997, when it rented DVDs to customers and delivered by post.

Reed Hastings Will Leave Netflix as Board Chairman

The co-founder of the streaming giant will leave its board in June, the company said.

By Benjamin Mullin

Netflix Chair Reed Hastings to Leave Board in June - WSJ

Netflix Chair Reed Hastings to Leave Board in June  WSJ

Netflix founder Reed Hastings to step down from board

Chair to depart as streamer reports profit boost from $2.8bn termination fee after Warner Bros bidding war

Co-founder Reed Hastings to step down from Netflix board

Chair’s decision to not seek re-election in June ‘not as a result of any disagreement’, company says in SEC filing Netflix chair Reed Hastings is leaving the streaming service he co-founded 29 years ago as the company regains its footing after it lost its $72bn deal for Warner Bros Discovery. In a letter to investors released on Thursday, Netflix said Hastings will not stand for re-election at its annual meeting in June and plans to focus on philanthropy and other pursuits. Continue reading...

By Dara Kerr and agency

Netflix cofounder Hastings to step down after it lost Warner Bros deal

The company's stock plunged about 8 percent on the news of Hastings's departure.

Netflix chair and co-founder Reed Hastings to leave streaming platform

Netflix chair Reed Hastings is leaving the streaming service he co-founded 29 years ago as the company regains its footing after it lost its $72-billion US deal for Warner Bros. Discovery.

Netflix shatters profit expectations thanks to price increase and $2.8 billion breakup fee from Warner Bros.

Founder Reed Hastings won’t stand for re-election to board after his term expires

By Lukas I. Alpert

Netflix cofounder Reed Hastings is leaving the company

Reed Hastings will leave Netflix this summer. Kevin Dietsch/Getty Images Reed Hastings, who helped start Netflix in the late 1990s, is leaving the company's board. Hastings, who was CEO until 2023, will focus on "philanthropy and other pursuits," Netflix said. Co-CEO Ted Sarandos said Hastings modeled "a selfless, disciplined leadership style." Netflix cofounder Reed Hastings will soon leave the company he helped turn from a DVD rental business into a streaming TV giant. Hastings won't seek...

Netflix Co-CEOs Ted Sarandos, Greg Peters See Pay Packages Drop in 2025

Netflix co-CEOs Ted Sarandos and Greg Peters saw their compensation come in just above $53 million in 2025, marking a decrease in the chiefs’ pay from 2024. The streamer announced the CEOs’ pay in an SEC filing Thursday, which came out just as the Netflix execs were fielding analyst questions about their first-quarter 2026 earnings […]

By Jennifer Maas

Netflix Quarterly Revenue Rocks on Better-Than-Expected Subscriber Growth

Who needs Warner Bros.?

By Anthony Maglio

Ted Sarandos Insists “No Palace Intrigue” Over Reed Hastings’ Netflix Exit & “Aborted” WBD Bid: “Reed Was A Big Champion For That Deal”

If anyone was looking for sharpened shivs at Netflix’s upper echelon between the now exiting Reed Hastings and his successors over the abandoned Warner Bros bid, Ted Sarandos has some bad news for you. “Sorry for anyone who is looking for some palace intrigue here, not so,” the co-CEO laughed on the streamer’s latest earning […]

By Dominic Patten

Netflix co-founder Hastings to exit as company mulls its next move; shares fall

Netflix Plunges After US Revenues Miss, Dismal Q2 Guidance, Hastings Stepping Down As Chairman

Netflix Plunges After US Revenues Miss, Dismal Q2 Guidance, Hastings Stepping Down As Chairman After staging a powerful rebound in the past two months, when first weak Q4 earnings sent the stock plunging to multi-year lows, which however was offset by the end of the company's expensive pursuit of HBO/Warner Bros. Discovery , and which sent the stock almost 50% higher from $75 to $108,moments ago Netflix reported Q1 earnings which were mixed but guidance was especially poor and r...

By Tyler Durden

Sick SIC part III: How CEO exits piled on multibillion-shilling woes

Revolving door, board battles and the land deals at the heart of the crisis.

Netflix Co-Founder Exits Company After 29 Years

Netflix's co-found Reed Hastings is shockingly leaving the massive streaming platform after nearly thirty years.

By Jennifer Chu