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Netflix Cofounder Reed Hastings Has Resigned As Co-CEO

20Jan

By adminNo Comments

Netflix Cofounder Reed Hastings Has Resigned As Co-CEO

Reed Hastings, one of the founders of Netflix, announced Thursday he is stepping down as co-CEO. In a statement shared Hastings said he will now serve as executive chair for the next few years. His co-CEO, Ted Sarandos, will continue in the role, joined by former chief product officer and chief operating officer Greg Peters. “After 15 years together we have a great shorthand & I’m so confident in their leadership,” Hastings tweeted. “Twice the heart, double the ability to please members & accelerate growth.” Hastings said that the company’s board has discussed a succession plan for years and added even founders must evolve for the sake of a company. “It was a baptism by fire, given COVID and recent challenges within our business. But they’ve both managed incr...

Netflix To end password sharing at the start of 2023

24Dec

By adminNo Comments

Business

Netflix To end password sharing at the start of 2023

Netflix is cracking down on password sharing at the start of 2023, in a move that will affect 100 million viewers. Insiders say the time has finally come as Netflix battles against disappointing subscriber numbers since its rapid growth during the pandemic Co-CEO Reed Hastings told senior executives at a company gathering that password sharing has gone on too long and the pandemic only masked how bad it truly was, the source said. Now the 100 million people who borrow passwords face missing out on their favorite shows on the platform, although sources told the WSJ that Netflix is likely to introduce the ban with caution because it fears a backlash. The exact policy and how it will be enforced remains unclear, but the company is expected to use IP addresses to ...

HARRY & MEGHAN<br>WANT A MEETING WITH ROYAL FAMILY Post-Netflix Special<br>

19Dec

By adminNo Comments

International news

HARRY & MEGHAN
WANT A MEETING WITH ROYAL FAMILY Post-Netflix Special

reportedly want a sit-down with the Royal Family to air out unsettled grievances, in hopes of an apology -- this after not feeling satisfied post-Netflix. According to a source close to the Sussexes says Harry and Meg would very much like a meeting with senior members of the monarchy -- presumably, King Charles and Prince william -- to tackle issues they did in their series, "Harry & Meghan." The reason they wanna hash it out once and for all ... this source, cited by The Times, claims they feel short-changed in the accountability department. Namely, they assert the Royals never addressed their problems head-on, nor did they ever own up to anything There's also the issue of Charles' coronation in May, which The Times says Harry and Meghan are expected to attend -- althoug...

Diamond and Zari to appear on Netflix documentary

23Jun

By Nasra HusseinNo Comments

Entertainment

Diamond and Zari to appear on Netflix documentary

Dar es Salaam. Bongo Flava star, Diamond Platnumz and Zari The Bosslady are among the African celebrities who will be appearing on Netflix soon. Netflix South Africa has announced that the celebrities will appear in a documentary titled 'Young, Famous & African' which will start airing in a few days online. Zari from Uganda has already asked his fans to stay attentive, because they will get to know a lot about them and have fun as well. “Born in Uganda. Flourishing in Mzansi. Now we’re taking over Netflix! See me bossing it up on @netflixsa and @naijaonnetflix's first-ever African reality show, coming soon! #YoungFamousAndAfrican” Zari posted