Netflix co-founder Reed Hastings stepped down as the company's CEO and handed over the reins to his longtime partner and co-CEO Ted Sarandos and COO Greg Peters. The announcement comes amidst the announcement that Netflix ended last year with over 230 million global subscribers.

Netflix co-founder Hastings steps down as CEO, hands over reins to long-time associates

The Hollywood Foreign Press Association (HFPA) faced major backlash at the Golden Globes over their lack of diversity and ethical issues after it was revealed that there is not a single black person in the community.

Mark Ruffalo, Netflix’s Ted Sarandos calls out HFPA following new plans

According to media reports, about 700 original content including movies and tv series will be produced this year with an investment of at least $8 billion

Netflix plans to produce over 500 original shows and movies by the end of 2018

Cannes festival director Thierry Fremaux said that Netflix had refused to give its movies theatrical distribution in France so it would be banned for competitions

Netflix to pull out all movies from Cannes film festival

ted-sarandos

Ted Sarandos, News on Ted Sarandos, stories on Ted Sarandos, articles on Ted Sarandos, Ted Sarandos stories at Wion, Ted Sarandos news, Ted Sarandos latest news

ted sarandos

Netflix co-founder Hastings steps down as CEO, hands over reins to long-time associates

Mark Ruffalo, Netflix’s Ted Sarandos calls out HFPA following new plans

Netflix plans to produce over 500 original shows and movies by the end of 2018

Netflix to pull out all movies from Cannes film festival