Inside Netflix’s ‘Remarkable’ Move to Bump Ted Sarandos Up to Co-CEO

“It seems Netflix is not only rewriting the rules of content and content distribution, but also the mores of executive treatment,” former ABC Daytime President Brian Frons says

Netflix’s earnings days are never boring — at least in comparison to most other companies. And that was especially true on Thursday, with Netflix appointing Chief Content Officer Ted Sarandos as co-CEO, elevating him to the same level as current chief Reed Hastings.

Analysts responded to the big news by saying it was a rare but appropriate move by entertainment standards that could signal Hastings’ eventual departure from the company he co-founded 23 years ago.

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Sean Burch

Sean Burch

Tech reporter • sean.burch@thewrap.com • @seanb44