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Cake day: April 7th, 2026


Netflix co-founder and executive chairman Reed Hastings will not seek re-election to the company’s board of directors once his term expires in June, the company announced on Thursday.

Hastings’ decision, announced in Netflix’s first-quarter earnings results, comes less than three years after he stepped down as co-CEO and became the board’s executive chairman. Ted Sarandos, Hastings’ co-CEO, has since split the job with Greg Peters.

Hastings called his contribution to Netflix a focus on “member joy, building a culture that others could inherit and improve, and building a company that could be both beloved by members and wildly successful for generations to come.” The co-founder will “focus on his philanthropy and other pursuits,” according to Netflix.

Sarandos and Peters both praised Hastings in statements. “Reed will always be Netflix’s founder and biggest champion—he is a part of our DNA,” Peters said.




Spotify and several major record labels, including UMG, Sony, and Warner, secured a $322 million default judgment against the unknown operators of Anna’s Archive. The shadow library failed to appear in court and briefly released millions of tracks that were scraped from Spotify via BitTorrent. In addition to the monetary penalty, a permanent injunction required domain registrars and other parties to suspend the site’s domain names.