Reed Hastings is that one entrepreneur who’s played a huge role in helping Netflix become the global OTT brand that it is today. Not just in South Asia, Netflix as an OTT platform has been leading the market all over the globe. It has a loyal audience base everywhere and well, ‘Netflix and chill’ is something that everyone has taken very seriously in all these years. Reed Hastings had played an instrumental role in helping the brand become the same.
But hey folks, we all have an important update for you. As per the latest media reports in Exchange4media, Reed Hastings has decided to step down and quit as CEO. He will reportedly pass on the reigns to the co-CEO Ted Sarandos and COO, Greg Peters.
In a news report, Reed Hastings was quoted as saying, “I believe it’s the right time to complete my succession.”
For the unversed, Netflix Netflix just announced very recently that there was a big jump in the number of subscribers at the end of last year on the back of the Harry-Meghan show and the film Glass Onion.
Well, we at IWMBuzz wish Reed Hastings all the very best for everything that he decides to do in the future. Let us know all your views in the comments section below and for more updates, stay tuned to IWMBuzz.com
