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The Co-founder Reed Hastings said that after 25 years in the company, which grew from renting video discs via post into an enormous streaming company, the company is no more the CEO of the company.
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He appointed chief content officer Ted Sarandos co-CEO in 2020; then, Sarandos will remain co-CEO.
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However, he will now serve as co-CEO with Greg Peters, Netflix's former chief operating officer.