Reed Hastings: Co-founder and CEO of Netflix

Reed Hastings: Co-founder and CEO of Netflix

Wilmot Reed Hastings Jr. (born October 8, 1960) is an American entrepreneur and philanthropist. He is the co-founder, Chairman and CEO of Netflix and serves on the boards of Facebook and a number of non-profit organizations. A former member of the California State Board of Education, Hastings is an advocate for education reform through charter schools.

Founding of Netflix

In 1997 Hastings and Marc Randolph co-founded Netflix, offering flat rate movie rental-by-mail to customers in the United States by combining two emerging technologies; DVDs, which were much easier to send as mail than VHS-cassettes, and an online Web site to order them from, instead of a paper catalogue. Headquartered in Los Gatos, California, Netflix has amassed a collection of 100,000 titles and over 100 million subscribers.

Internet television

Hastings is a proponent of Internet television and sees it as the future. He credits YouTube for his shift in strategy for developing a video streaming service.Netflix launched a service in 2007 to stream movies and television to computers.

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