• Netflix CEO says company won’t buy movie theater chain

    Netflix CEO says company won’t buy movie theater chain

    Netflix co-Chief Executive Officer Reed Hastings told The Hollywood Reporter that his company isn’t looking to acquire cinema chains, despite buzz of the contrary. In the last two years, Netflix bought Hollywood’s historic Egyptian Theatre and it inked a long-term deal to lease the New York City’s Paris Theatre, raising questions about the company’s designs …
  • Netflix names Ted Sarandos co-CEO as stock tanks on slowing growth

    Netflix names Ted Sarandos co-CEO as stock tanks on slowing growth

    Netflix said it tapped its longtime content chief Ted Sarandos to run the streaming giant alongside its founder Reed Hastings — just in time to deal with fears that growth will slow. Hastings said the promotion of the 20-year Netflix veteran — known for pushing the company to produce its own shows — won’t affect …
  • Netflix CEO Reed Hastings pledges $120 million to black colleges

    Netflix CEO Reed Hastings pledges $120 million to black colleges

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  • Netflix boss Reed Hastings’ pay soared to nearly $39 million last year

    Netflix boss Reed Hastings’ pay soared to nearly $39 million last year

    Streaming giant Netflix gave its top brass a hefty pay day in 2019. Netflix founder and chief executive Reed Hastings saw his compensation jump 7 percent to $38.6 million last year, versus pay of $36.1 million in 2018, according to a regulatory filing Wednesday. Hastings’ No. 2, Ted Sarandos, the company’s chief content officer, got …