National

Pro Rata

Axios Pro Rata

Netflix has named head of content Ted Sarandos as co-CEO of the company, alongside chief executive Reed Hastings, it said Thursday when it released its quarterly earnings. 

Why it matters: Co-CEO arrangements often prove unsustainable as long-term plans for running companies. It's likely this is a step toward Sarandos eventually heading the company on his own.

Netflix appoints content chief as co-CEO

Ted Sarandos will share the job with CEO Reed Hastings.

Photo of Netflix chief of content Ted Sarandos at a podium

Netflix Chief Content Officer Ted Sarandos. Photo: Charley Gallay/Getty Images for Netflix

Business

Netflix

Technology

Netflix has named head of content Ted Sarandos as co-CEO of the company, alongside chief executive Reed Hastings, <a class="gtmContentClick" data-vars-link-text="it said Thursday " data-vars-click-url="https://media.netflix.com/en/company-blog/leadership-update" data-vars-content-id="2f0ff0ca-a7f7-41d2-bd86-9520665b8167" data-vars-headline="Netflix appoints content chief as co-CEO" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://media.netflix.com/en/company-blog/leadership-update" target="_blank">it said Thursday </a>when it released its quarterly earnings. Why it matters: Co-CEO arrangements often prove unsustainable as long-term plans for running companies. It&#x27;s likely this is a step toward Sarandos eventually heading the company on his own.

Top stories & latest news on the Federal Reserve, real-time data, plus the biggest shifts happening in the U.S. and global economy.

Economy

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Economy & Business

From the Valley to D.C., Big Tech players like Facebook, Google and Amazon are under more scrutiny than ever as new technology develops and privacy and antitrust concerns grow in lockstep with companies’ ambitions.

Netflix appoints content chief as co-CEO

Go deeper