Netflix appoints Ted Sarandos as co-chief executive officer

17.07.2020 - Kulakov Vladimir
Netflix appoints Ted Sarandos as co-chief executive officer

On Thursday, Netflix Inc. (NFLX.O) promoted the architect of its programming strategy Ted Sarados to the role of co-chief executive officer.

Netflix’s Chairman and Chief Executive Officer Reed Hastings announced that Ted would be his successor.

“Ted has been my partner for decades. This change makes formal what was already informal — that Ted and I share the leadership of Netflix,” Reed Hastings said in an interview.

Sarandos, who would continue as the company’s chief content officer, said that he was “excited and honored” by the promotion.

“My journey to co-CEO of Netflix has been as a fan of great entertainment and that’s my commitment to Netflix members going forward: to keep pushing the boundaries of what a consumer-first company can achieve for people who love stories,” Sarandos wrote in a blog post.

Netflix’s second-quarter profit doubled to $720 Million from $271 Million in 2020. The company’s revenue jumped by 24% to $6.1 billion.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?