Newly minted Netflix Co-CEO Greg Peters and Ted Sarandos, who has held that title since 2020, say no major strategic shifts are in the immediate offing after Reed Hastings passed them the leadership baton
“We don’t have a bank of changes that we’ve been holding for this moment,” Peters said during the company’s fourth-quarter earnings interview, “so mostly it’s just continuity and moving forward.”
Netflix Leads Distributors In BAFTA Nominations With Record-Tying Haul For 'All Quiet On The Western Front' “It feels like yesterday we were having our IPO,” Hastings said during the interview, during which he stressed that the three execs have worked together closely for 15 years. “I couldn’t be happier,” he added, and moderator Jessica Reif Ehrlich, an analyst with Bank of America, described the transition as one of the smoothest in media history . “This started about 10 years ago with the board, trying to think through how this could work.
Sarandos expressed his thanks to Hastings for “changing my life personally and professionally for the better over the past 22 years” and expressed confidence in the “shared leadership model” the company has put in place. Hastings leaves big shoes to fill, he acknowledged, “but at least we have four feet to fill them with.”
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