Reed Hastings

Reed Hastings is an American entrepreneur who co-founded Netflix and served as its chief executive officer from 1997 to 2023.

Marc Randolph: An American entrepreneur who co-founded Netflix and served as its first chief executive. Randolph co-founded Netflix with Hastings and led the company before Hastings became CEO.
Netflix: A subscription entertainment company that distributes films and television programs, chiefly through streaming. Hastings co-founded and led the company whose strategy shaped his public legacy.
Streaming media: Media delivered continuously over the internet for playback as it arrives. Netflix helped make streaming a mainstream alternative to physical media and scheduled television.
Blockbuster: An American video-rental company that operated thousands of stores before its bankruptcy in 2010. Its store-based rental model stood against Netflix's subscription-by-mail and streaming approaches.
Ted Sarandos: An American media executive who became Netflix co-CEO in 2020. Sarandos shared Netflix's top leadership with Hastings during its global expansion.
DVD-by-mail: A service that delivers rented or purchased DVDs to customers through postal mail. Netflix's original subscription model used mailed DVDs rather than physical rental stores.
Binge-watching: Watching multiple episodes of a television series in one sitting. Netflix's release practices helped popularize watching entire seasons at once.
Video rental store: A retail business that lends films on physical media for a limited period. Netflix initially competed with this familiar format without building a store network.
Greg Peters: An American business executive who became Netflix co-CEO in 2023. Peters succeeded Hastings as co-CEO alongside Sarandos.
Video on demand: A system that lets viewers select and watch video content when they choose. Streaming moved Netflix beyond scheduled broadcasts and postal delivery.

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Stanford UniversityRelated: His Stanford graduate education preceded a career in technology and media.