Netflix Inc on Thursday elevated its content chief Ted Sarandos to co-CEO, making the 20-year veteran of the pioneering streaming video service a clear successor to co-founder Reed Hastings.
) on Thursday elevated its content chief Ted Sarandos to co-CEO, making the 20-year veteran of the pioneering streaming video service a clear successor to co-founder Reed Hastings.
For July through September, Netflix forecast it would add 2.5 million new paid streaming customers around the world. Analysts on averaged expected a projection of 5.3 million, according to IBES data from Refinitiv. Netflix added 10.1 million streaming subscribers from April through June, its highest second-quarter gains ever, as the novel coronavirus forced people around the world to shelter at home. Those restrictions led to “huge growth in the first half of the year,” Netflix said in a letter to shareholders, but “as a result we expect less growth for the second half of 2020 compared to the prior year.”
With the new members, the world’s dominant streaming service reached nearly 193 million paying online customers.
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