Sarandos scaled the companys original content efforts.
The tally was well ahead of Wall Street expectations.
This started about 10 years ago with the board, trying to think through how this could work.
(L-R) Greg Peters, Ted Sarandos and Reed HastingsGetty Images
He also noted the stocks appreciation, particularly over the past decade.
I know they want to beat that, and Im all for that, Hastings said of the Co-CEOs.
Thats whats driving the timing.
Honestly, Ive loved them.
Love the interaction, he said.
But its time for Greg and Ted and the team to lead.
