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Reed Hastings steps down as Netflix co-CEO

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Reed Hastings – the man responsible for changing the media landscape forever is stepping as co-chief executive of Netflix

The 62-year-old Hastings co-founded the company in 1997.

Back then, Netflix delivered its subscribers movies on DVDs sent in the mail.

But he’s not walking away entirely – Hastings will move into the role of chairman.

As for his successor – Greg Peters, the company’s chief product and chief operating officer, will join Ted Sarandos as a co-chief executive.

Sarandos became co-CEO back in July 2020.

In a statement, Hastings says the new leadership duo have already earned their stripes – steering the company through Covid and upheavals in the industry as he began to step back over the last two and a half years.

Netflix has been under pressure as consumers reduce their spending and companies including Disney, Amazon and Paramount bite into a share of the streaming pie.

Late last year, Hastings says the once niche market is now a bloodbath. #Netflix

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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