, author: Plackhin A.

Netflix co-founder Reed Hastings is going to step down as CEO

The businessman gave his brainchild a quarter of a century.

Netflix co-founder Reed Hastings, who pioneered the company in 1997, announced his departure as CEO.

According to the businessman, no one in this world lasts forever, and now it is time for the succession he has long dreamed of.

Hastings' successor as CEO will be Chief Operating Officer Greg Peters, along with Ted Sarandos, who took over in 2020.

Reed Hastings, 62, is not going to leave the structure of Netflix himself, but now he will take a chair of the company's board of directors.

Earlier it became known that Netflix will show a record number of Korean films and series in 2023. Projects from Korea is becoming more and more popular in the global box office.

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