Netflix CCO Ted Sarandos named Co-CEO FilmMagicTed Sarandos, the one-time video store clerk who was the architect of Netflix NFLX ’s content strategy, has been named the streaming giant’s co-CEO. The one-time Texas video store dynamo went bust in 2010 and Netflix pivoted from a DVDs-by-mail business to internet streaming service, reaching 193 million subscribers in 190 countries. He brought his passion to the local video store, where he reportedly plowed through its entire library of hundreds of films — a prodigious knowledge he ultimately brought to Netflix. As Covid-19 has paralyzed Hollywood production, Netflix continues to churn out original content — including recent summer film fare like Spenser Confidential and Extraction. “My journey to co-CEO of Netflix has been as a fan of great entertainment.

Source: Forbes July 16, 2020 20:16 UTC