Netflix Content Officer Ted Sarandos Takes on New Role as Co-CEO




, ,

Netflix N Logo

Longtime Netflix employee and content supervisor Ted Sarandos has been promoted to a Co-CEO position alongside current CEO and founder Reed Hastings. Sarandos is also joining the Netflix board of directors, as well as keeping his role as chief content officer.

“My journey to co-CEO of Netflix has been as a fan of great entertainment,” Sarandos said. “And that’s my commitment to Netflix members going forward: to keep pushing the boundaries of what a consumer-first company can achieve for people who love stories.”

Sarandos and Hastings have known each other for more than 20 years and since Netflix’s inception, seeing the industry evolve from DVD’s to a digital focus as the internet took over in the early 2000s. Now Netflix is navigating the road amid stiff competition and limited production for original content during 2020.

“These changes are part of a long process of succession planning,” Hastings said. “While transitions can be hard, I am optimistic because we have a well established culture that’s built to be flexible and many years to get good at this. I’m committed to Netflix for the long term. Here’s to the next decade of great storytelling, better recommendations and a service that we hope brings joy, escape and a sense of connection to hundreds of millions of members around the world.”

This announcement comes at the same time Netflix reported a successful Q2 earnings report. The company’s revenue grew to $6.15 billion, with earnings per share of $1.59.

Did you know we have a YouTube Channel? Every week we have a live Cord Cutting Q&A, and weekly Cord Cutting recap shows exclusively on our YouTube Channel!

Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like, streaming services, and others. Affiliate links help sites like Cord Cutters News, stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.