What happened: Reed Hastings, who co-founded Netflix in 1997, announced he will step down as chairman of the company.
Why it matters:
- Marks a significant leadership change at a major streaming service.
- Could influence Netflix's future strategic direction and operations.
MNN Take: Hastings helped build Netflix from a DVD rental service into a global streaming giant. His departure as chairman signals a new chapter for the company.
Sources: BBC US & Canada