tech
April 17, 2026
Netflix co-founder and chair Reed Hastings to leave board
Hastings helped to transform the video rental industry — first with physical, then digital, delivery.
TL;DR
- Reed Hastings, co-founder and chairman of Netflix, is leaving the company's board when his term ends in June.
- He plans to dedicate his time to philanthropy and other interests.
- Hastings co-founded Netflix in 1999, initially as a subscription DVD-by-mail service, and was instrumental in its transformation into a streaming pioneer.
- He credits his contribution to fostering member joy, building an enduring company culture, and developing a beloved and successful business.
- Netflix reported strong first-quarter financial results, with revenue up 16.2% and net income up nearly 83%.
- The company also indicated plans to explore new technological frontiers like generative AI.
Continue reading the original article