{
    "success": true,
    "data": {
        "id": 1683583,
        "msgid": "netflix-quietly-abandoned-by-its-founder-1776412293",
        "date": "2026-04-17 13:40:00",
        "title": "Netflix Quietly Abandoned by Its Founder",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": "Reed Hastings, the founder of Netflix, has quietly stepped down from his position as chairman amid pressures facing the streaming platform, including slowing revenue growth and intensifying competition. Hastings, who transformed Netflix from a DVD rental service into a global streaming giant, announced his resignation on Thursday, emphasising his role in building a sustainable company for future leaders. The news triggered a 9 per cent drop in Netflix's share price, despite the company boasting 325 million subscribers and projections of over 1 billion viewers.",
        "content": "<p>Jakarta, CNBC Indonesia - Netflix founder Reed Hastings has quietly\nresigned from his position as the company\u2019s chairman at a time when the\nstreaming platform\u2019s performance is under pressure. Reuters reported\nthat Hastings announced his resignation on Thursday (18\/4\/2026). \u201cMy\nreal contribution to Netflix is not a single decision. However, building\na company that can be inherited and developed by the next person,\u201d he\nsaid. Netflix Co-CEO Ted Sarandos expressed praise for Hastings\u2019\nleadership and ambition to build a company that can continue without\nhim. \u201cHe built a company filled with risk-takers and a culture where\none\u2019s character matters, and everyone strives to be the best,\u201d said\nSarandos. Hastings started Netflix as a DVD rental company that could be\ndelivered by mail. He then transformed Netflix into a platform for\nstreaming films and television series. Netflix is currently under\npressure. The company\u2019s revenue growth rate has slowed amid increasingly\ntight competition with other streaming platforms. In February, the\nplanned merger with Warner Bros Discovery also failed. Netflix\u2019s share\nprice fell 9 per cent after news of Hastings\u2019 resignation emerged.\nNetflix Co-CEO Greg Peters stated that the number of Netflix subscribers\nat the end of last year reached 325 million accounts, with the number of\nviewers estimated to exceed 1 billion pairs of eyes. \u201cEven with such\nachievements, we still have a lot of room to grow in our target\nmarkets,\u201d said Peters.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/netflix-quietly-abandoned-by-its-founder-1776412293",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}