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Big change in Netflix. The boss resigns

Big change in Netflix.  The boss resigns

Big change in Netflix. The boss resigns

Hastings said it was “the right time” for someone to replace him at the helm of the company. The co-founder of the platform intends to continue to sit on the supervisory board of the giant, but he also wants to focus more on e.g. on charity work.

The Financial Times notes that the change comes after a very rough year for the platform. Netflix lost more than a third of its market valuation during this time.

The platform will now be managed by Greg Peters, the current COO, and Ted Sarandos, who led the programming offer Netflix. The change is to be made “with instant effect”. According to Hastings, the change was “prepared for many years”.

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