Ted Sarandos Named Co-CEO at Netflix
Also Read: Netflix Adds Another 10.1 Million Subscribers in Q2, Stock Drops 10%“Having watched Reed and Ted work together for so long, the board and I are confident this is the right step to evolve Netflix’s management structure so that we can continue to best serve our members and shareholders for years to come,” added Lead Independent director Jay Hoag.Additionally, chief product officer Greg Peters added the title of chief operating officer.The announcements came alongside Netflix’s quarterly earnings, which were both good and bad. First, the streaming giant said it added another 10.1 million new subscribers — easily topping analyst estimates.