Reed Hastings, co-founder and co-CEO of Netflix, is stepping down, the streaming giant announced Thursday. He will step into a new role as executive chairman. Michael Pachter, managing director of equity research at Wedbush Securities, joined CBS News to discuss what this means for Netflix’s future.
CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+.
Subscribe to the CBS News YouTube channel:
Watch CBS News:
Download the CBS News app:
Follow CBS News on Instagram:
Like CBS News on Facebook:
Follow CBS News on Twitter:
Subscribe to our newsletters:
Try Paramount+ free:
For video licensing inquiries, contact: email@example.com