Reed Hastings Latest Celebrity News & Gossip

Jennifer Maas TV Business WriterThe Nasdaq Composite ended the trading day Monday down 9.49% from where it started at the beginning of January, marking its worst month since March 2020 — the start of the spread of the COVID-19 pandemic in the U.S.The Nasdaq opened Jan. 3, the first trading day of 2022, at 15,732.50.

Tech stocks and the beleaguered Nasdaq jumped today in a rally led by streamers Spotify, Netflix and Roku. All have seen their shares pummeled, with Netflix in particular being hit by disappointing subscriber numbers last quarter and Spotify embroiled in a Joe Rogan controversy.

Todd Spangler NY Digital EditorNetflix and Spotify shares both popped Monday after Citi analysts upgraded both stocks to buy ratings, saying the market is undervaluing their longer-term upside.Shares of both companies climbed in early trading Monday, with Netflix up more than 6% and Spotify up more than 5%.In the previous 30 days, Netflix shares had slumped 32% and Spotify dropped 26% on investor concerns over slowing streaming subscriber growth. The selloff “suggests prevailing equity values don’t assume material sub growth or improving subscriber economics beyond 2023,” the Citi team led by Jason Bazinet wrote in a research note in upgrading the stocks from “neutral” to “buy.”“While Netflix and Spotify may see more modest sub growth, we see other top-line vectors,” the analysts wrote.

Netflix rose handily in after-hours trading Wednesday following news that Bill Ackman’s Pershing Square Capital has acquired more than 3.1 million shares to become a top-20 stockholder.

Netflix stock, which went into today’s Nasdaq session already down 16% in 2022 to date, is getting blitzed in mid-day trading.

The Netflix team played it cool Thursday as CFO Spencer Neumann attempted to reassure Wall Street that “there’s no structural change in the business that we see.”

Ted Sarandos is set for a nice pay raise in 2022. In an SEC filing on Tuesday, Netflix set Sarandos’ compensation at $40 million and his co-CEO Reed Hastings (who also happens to be the company’s founder) is expected to receive $34.6 million.

Todd Spangler NY Digital EditorNetflix co-CEO and chief content officer Ted Sarandos is set to receive $40 million in compensation next year, while chairman and co-CEO Reed Hastings stands to make north of $34 million.Netflix disclosed the annual salaries and stock option allocation for 2022 for its executive officers in an SEC filing Tuesday. Hastings’ salary for next year will remain $650,000 and he is to receive options valued at $34 million.

Afternoon International Insiders, Max Goldbart here. Another busy week but we’ve got you covered with all the international headlines and analysis you need. To get this sent to your inbox every Friday, sign up here.

Netflix has announced that it is launching a new workplace sitcom that is set in the last Blockbuster store, starring WandaVision‘s Randall Park.The streaming platform, which has a complicated past with the video rental chain, has acquired the rights to use the brand’s logos and uniform for the show.Blockbuster formerly dismissed the offer from Netflix creators Reed Hastings and Marc Randolph to sell then DVD-focused startup to the video rental company for $50 million in 2000.

It’s a blast from the past as Netflix has given a 10-episode series order to Blockbuster, a single-camera workplace comedy starring Randall Park, which is set in the last remaining Blockbuster video store.

Co-CEO Reed Hastings and his Netflix management colleagues didn’t let the current controversy over Dave Chappelle slow their roll during the company’s third-quarter earnings interview.

Netflix was taking a Squid Game-themed victory lap during its third quarter financial earnings call after it emerged that a “mind-boggling” 142M households watched it during its first 28 days.

A philanthropic boasting Reed Hastings may not want to talk today about Dave Chappelle and controversy around remarks centered on the trans and LGBTQ+ communities in his special The Closer, but the Netflix staffer who called out the streamer on the “attacks” in the October 5 launched show certainly does – in-depth and at length.

“All philanthropy today,” Netflix’s Reed Hastings said Monday at the Milken Conference after moderator and CNBC correspondent Julia Boorstin lamented that she wasn’t able to ask the co-CEO about the Dave Chappelle backlash, earnings or anything else related to the streamer.

Michael Schneider Variety Editor at LargeNetflix co-founder and CEO Reed Hastings has been given the Television Academy’s Charles F. Jenkins Lifetime Achievement Award, one of several Engineering Emmys that the org announced on Thursday.The Charles F.

Cynthia Littleton Business EditorThe message from Reed Hastings and Ted Sarandos was crystal clear: Don’t expect Netflix to jump into the media M&A frenzy just because everyone else is.Netflix’s co-CEOs exhibited their usual cool confidence on Tuesday during a 41-minute video interview to discuss the company’s second-quarter earnings results. The numbers showed that Netflix lost 430,000 subscribers in the U.S.

Netflix bosses said Tuesday that consolidation in the media sector hasn’t impacted its growth and that the streamer doesn’t see any ‘must have’ deals to jump on in the midst of an industry M&A frenzy, although it looks at everything.

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.

Todd Spangler NY Digital EditorCould a Netflix board seat be in WarnerMedia chief Jason Kilar’s future?Reed Hastings, Netflix’s co-founder, chairman and co-CEO, posted a public appeal to Kilar to join the streaming giant’s board of directors on Thursday.Kilar, who joined WarnerMedia in May 2020, is widely believed to be looking to leave the company following AT&T’s spinoff of the media conglomerate — to merge with Discovery.

Reed Hastings, the co-CEO of Netflix, has shelled out a whopping $3 million to a fund opposed to the recall of California Governor Gavin Newsom.

Netflix co-CEOs Reed Hastings and Ted Sarandos each saw their compensation rise in 2020, as the pandemic pushed Netflix to new subscriber heights. Hastings earned $43.2 million, compared tothe $38.6 million package that hemade in 2019.

Netflix co-CEOs Reed Hastings and Ted Sarandos earned, respectively, $43.2 million and $39.3 million in 2020. The pay was up for both. Chairman and founder Hastings earned $38.6 million the year before, when Sarandos took home $34.7 million.

Brent Lang Executive Editor of Film and MediaIt was a good year to run a streaming service.Netflix co-CEOs Reed Hastings and Ted Sarandos earned $43.2 million and $39.3 million, respectively, in 2020, representing sizable pay increases for the two men.Hastings, who also serves as the company’s chairman, earned $38.6 million in 2019 and $36 million in 2018.

Netflix knows you’re a thief. The streaming service knows you’ve been using the login information given to you from your friend, co-worker, parents, or ex-partner.

Netflix has been tightening its controls on password-sharing, a shift that could reap billions in previously lost revenue, but the company acknowledges it is a delicate process.

Netflix scored a big haul of Oscar nominations this year – 35 in total – putting the streamer in the top three for a studio in the history of the awards.

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.

Todd Spangler NY Digital EditorNetflix veteran Jessica Neal is leaving the company, after leading the company’s HR, recruiting, culture and coaching teams since 2017.The company didn’t provide a reason for her departure.

Netflix's better-than-expected fourth-quarter subscriber additions and improved free cash flow forecast led several Wall Street analysts on Wednesday to boost their price targets for the global streaming giant's shares, with at least two also upgrading their stock ratings.