Strategy

Netflix co-founder and chair Reed Hastings to leave board

Reed Hastings exits Netflix's board after 27 years as co-founder and chair, leaving the streamer mid-pivot into AI acquisitions (InterPositive) to focus on philanthropy.

Thursday, April 16, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline

Netflix co-founder and chairman Reed Hastings is stepping down from the company's board in June 2026 to focus on philanthropy. Under his 27-year leadership, Netflix evolved from a DVD-by-mail service to a global streaming pioneer. The company is now expanding into AI, including its acquisition of InterPositive, Ben Affleck's AI company.

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