Netflix Leader Reed Hastings Tips Down After Transformative Period
Los Gatos, CA– Reed Hastings, the visionary co-founder of Netflix, has tipped down from his function as co-CEO, noting completion of an age for the streaming giant. Hastings, that launched the business in 1997, will change to Executive Chairman.
- Established: 1997, at first as a DVD rental service.
- Distribution Technique: DVDs were sent by mail to consumers.
- Hastings’ Duty: Co-CEO given that creation, now Executive Chairman.
His leadership changed Netflix from a mail-order DVD service into an international streaming giant with over 200 million clients. The company’s success disrupted traditional media and pioneered a brand-new age of on-demand entertainment.