Netflix Inc., the company at the forefront of remaking entertainment, promoted the architect of its programming strategy to the role of co-chief executive as it reported that the shelter-in-place world garnered it another 10.1 million subscribers in the second quarter. The elevation of Ted Sarandos, 55 years old, to the role of co-CEO puts him in position to eventually succeed Netflix Chairman and Chief Executive Reed Hastings, 59.

Source: Wall Street Journal July 16, 2020 20:34 UTC