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Netflix Co-CEOs Reed Hastings and Ted Sarandos each saw a slight dip in their total compensation in 2021 compared to 2020, according to a new SEC filing.

Jennifer Maas TV Business WriterNetflix co-CEO and chief content officer Ted Sarandos proudly said “Stranger Things” is “as valuable a franchise as exists today in entertainment around the world” during the company’s Q4 earnings presentation Thursday. During the same pre-recorded Q&A, Netflix COO and chief product officer Greg Peters said while the streamer is very focused on its own titles, it’s still looking outside Netflix IP when it comes to building out a very young video games business.“It was exciting to see the activity in the space and I think, to some degree, it’s an endorsement of the core thesis that we have around subscription being a great model to connect consumers around the world with games and gaming experiences,” Peters said, when asked directly why Netflix isn’t making large acquisitions in the gaming space, following this week’s news that Microsoft is acquired Activision Blizzard in a deal valued at almost $70 billion.

A grief-stricken boyfriend has told how a vicar performed a bedside 'marriage blessing' before his girlfriend died from car crash injuries in hospital.

Todd Spangler NY Digital EditorNetflix is looking for a more global outlook on hiring and HR: The streamer has hired Sergio Ezama, a 20-year veteran of PepsiCo, as its new chief talent officer.Ezama will start at Netflix in September, leading the company’s human resources, recruiting, culture and coaching teams, reporting to COO and chief product officer Greg Peters.Most recently, Ezama was global chief talent officer at PepsiCo in addition to serving as chief human resources officer for

Netflix execs drilled down on the streamer’s newest push, games, calling it a part of the service just like any other from kids’ fare to unscripted to local language. “It’s not a separate product. We are a one-product company,” said co-CEO Ted Sarandos.

Ellise Shafer administratorNetflix has signaled its expansion into the world of video games with its latest executive hire, Mike Verdu.Verdu will serve as Netflix’s vice president of game development and will report to COO and chief product officer Greg Peters.According to Bloomberg, which first reported Verdu’s hiring, video games should hit the platform within the next year as a new programming genre, akin to their rollout of documentaries and stand-up specials.

Netflix has hired former Facebook and Electronic Arts exec Mike Verdu to bolster its move into gaming. He joins as VP of Game Development, Deadline has confirmed.

Is Netflix making an aggressive move into the video game business? There was definitely some talk on the company’s latest earnings call to back up all of the smoke that has been rising in Hollywood.

Greg Peters, the product chief at Netflix who was promoted to the additional role of COO last year, views the shrinking of theatrical windows as inevitable.

Todd Spangler NY Digital EditorNetflix is planning a new promotion: letting everyone in a given country access the service for free for a weekend.The company will first launch a test of the 48-hours-for-free promo in India, COO and chief product officer Greg Peters said in the earnings interview posted after Netflix reported third-quarter 2020 results.“An idea we’re excited about — and we’ll see how it goes — [is] we think that giving everyone in a country access to Netflix free for a weekend

Dade Hayes Finance EditorNetflix will offer a free trial of its full service to everyone in a country for one weekend, starting in India and going to other global territories.The streaming giant revealed the plan during its third-quarter earnings interview, which followed the release of results that undershot subscriber and earnings estimates.Chief Product Officer Greg Peters said the giveaway “could be a great way to expose a lot of people” to the service.

Also Read: Netflix Adds Another 10.1 Million Subscribers in Q2, Stock Drops 10%“Having watched Reed and Ted work together for so long, the board and I are confident this is the right step to evolve Netflix’s management structure so that we can continue to best serve our members and shareholders for years to come,” added Lead Independent director Jay Hoag.Additionally, chief product officer Greg Peters added the title of chief operating officer.The announcements came alongside Netflix’s quarterly

Dade Hayes Finance EditorIn a major change to Netflix’s C-suite, content chief Ted Sarandos has been named co-CEO and Chief Product Officer Greg Peters has been named to the additional role of COO.Reed Hastings, who co-founded the company and has served as CEO for most of its 23 years of existence, will be co-CEO with Sarandos.After joining the company in 2000, Sarandos has spearheaded the programming effort and personified the company’s disruptive approach to releasing TV and film.“Ted has been