Reed Hastings is stepping down as Netflix's CEO
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...