Netflix appoints new CEOs as co-founder Reed Hastings steps down
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A new chapter has begun at Netflix. Co-founder Reed Hastings has decided to step down from his role as CEO, a position he held for over two decades during which the company grew from a rent-by-mail DVD service to an entertainment behemoth. Hastings' long-time associates Greg Peters and Ted Sarandos have been named co-CEOs of the streaming giant.