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Netflix founder Reed Hastings steps down as Co-CEO

CNBC reports that Netflix made the announcement on Jan. 19. Greg Peters will join Ted Sarandos as co-CEO. Sarandos issued a statement about Hastings stepping down. "I want to thank Reed for his visionary leadership, mentorship and friendship over the last 20 years." Ted Sarandos, Netflix co-CEO, via statement. "We've all learned so much from his intellectual rigor, honesty and willingness to take big bets —" , Ted Sarandos, Netflix co-CEO, via statement. "...and we look forward to working with him for many more years to come."