[HN Gopher] Netflix co-founder Reed Hastings to step down from c...
       ___________________________________________________________________
        
       Netflix co-founder Reed Hastings to step down from co-CEO
        
       Author : pcbro141
       Score  : 39 points
       Date   : 2023-01-19 21:03 UTC (1 hours ago)
        
 (HTM) web link (www.ft.com)
 (TXT) w3m dump (www.ft.com)
        
       | dredmorbius wrote:
       | 4Q22 financials w/ announcement:
       | <https://s22.q4cdn.com/959853165/files/doc_financials/2022/q4...>
       | 
       | Netflix announcement: <https://about.netflix.com/en/news/ted-
       | sarandos-greg-peters-c...>
       | 
       | (From slightly later HN submissions.)
        
       | derN3rd wrote:
       | Without paywall: https://archive.ph/QpFcm
        
       | __derek__ wrote:
       | Summarizing:
       | 
       | * Hastings: Co-CEO/Chairman => Executive Chairman
       | 
       | * Ted Sarandos: Co-CEO + board member => Co-CEO + board member
       | 
       | * Greg Peters: COO => Co-CEO + board member
       | 
       | [1]: https://about.netflix.com/en/news/ted-sarandos-greg-
       | peters-c...
        
         | photonbeam wrote:
         | How do 'co-ceo' positions work?
        
           | thrusong wrote:
           | I don't think you're going to find a one-size-fits-all model,
           | but there's probably some higher marching orders, probably
           | from the board.
           | 
           | Then, the CEO's either have separate portfolios of what they
           | oversee OR they have to be in agreement about how they're
           | going to achieve the vision bestowed upon them.
        
       | autokad wrote:
       | the earnings report was interesting. HUGE beat on subscribers
       | (7.66m vs 4.57m exp), yet missed on revenue (7.85b vs 7.9b
       | expected).
       | 
       | if we are heading into a recession like many expect (if not in
       | one already), then companies will cut back on ads, so it will be
       | a challenging time to implement that new strategy.
        
         | i_am_jl wrote:
         | I'm curious how many of those 7.66m created an account, binged
         | a few target shows, then cancelled when they'd watched what
         | they wanted to watch. It's become a more common tactic in my
         | circles, and it could explain the mismatch between hitting
         | revenue and subscriber targets.
        
       ___________________________________________________________________
       (page generated 2023-01-19 23:01 UTC)