Netflix Leader Reed Hastings Steps Down After Transformative Period
Los Gatos, CA– Reed Hastings, the visionary founder of Netflix, has stepped down from his role as co-CEO, noting the end of a period for the streaming giant. Hastings, who released the company in 1997, will change to Exec Chairman.
- Started: 1997, originally as a DVD rental solution.
- Shipment Technique: DVDs were sent by mail to consumers.
- Hastings’ Role: Co-CEO given that creation, currently Exec Chairman.
His management changed Netflix from a mail-order DVD solution right into a global streaming giant with over 200 million subscribers. The business’s success interfered with conventional media and spearheaded a new period of on-demand enjoyment.
