"My real contribution at Netflix wasn't a single decision; it was a focus on member joy, building a culture that others could inherit and improve, and building a company that could be both beloved by members and wildly successful for generations to come."
"Netflix has had an eventful past several months, including walking away from a $83 billion deal to acquire the Warner Bros. studio and HBO Max."
"The company raised the price of its streaming service once again in March, putting its cheapest ad-free plan at $19.99 per month, instead of $17.99."
"It even launched a games app for kids, called Playground, and added new Jackbox party games that you can play from your TV."
Reed Hastings, co-founder of Netflix, will not seek re-election to the Board when his term ends in June. He served as CEO from 1999 to 2023 and then became chairman. Hastings emphasized his contributions focused on member joy and building a sustainable culture. Netflix has recently raised its streaming prices and launched new gaming features, including a kids' app called Playground and new Jackbox party games, following a significant deal withdrawal with Warner Bros. and HBO Max.
Read at The Verge
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