Netflix soars to 230million subscribers, co-founder quits

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Netflix soars to 230million subscribers, co-founder quits
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United States streaming giant Netflix ended last year with more than 230 million global subscribers, it said Thursday, beating analysts' expectations as hits such as 'Wednesday' and 'Harry & Meghan' enticed new viewers.

United States streaming giant Netflix ended last year with more than 230 million global subscribers, it said Thursday, beating analysts’ expectations as hits such as “Wednesday” and “Harry & Meghan” enticed new viewers.

Hastings ceded control of Netflix to his two longtime associates Chief Operating Officer Greg Peters and Ted Sarandos, who has been the face of Netflix in Hollywood and had already been named co-CEO. The Netflix board has been discussing succession planning for many years, Hastings pointed out in a blog post, joking “even founders need to evolve!”

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