Netflix Names Ted Sarandos Co-Ceo Alongside Reed Hastings
Netflix Chief Content Officer Ted Sarandos is now the Co-CEO of Netflix.
Netflix announced that Chief Content Officer Ted Sarandos would become the Co-CEO of Netflix. Sarandos will continue as the content chief at Netflix. Netflix CEO Reed Hastings says that Ted Sarandos has been his partner for a while and that it was time to make the change formal.
Netflix also appointed its Chief Product Officer Greg Peters to the role of Chief Operating Officer. Hastings revealed that the moves are a part of long-term succession planning for Netflix.
Netflix added 10 million subscribers this quarter. It's also important to note that Netflix has been thriving during the quarantine era but it seems that the pandemic pause will catch up to them content-wise starting in 2021.