founder Reed Hastings dramatically quit as co-CEO Thursday - going out on top after adding more than 7 million new subscribers with its lower-cost ad-supported tier.Hastings, who spearheaded Hollywood's steaming-first revolution, is moving upstairs as executive chairman while Ted Sarandos and Greg Peters are now the new co-CEOs. Peters, who piloted the move from DVDs to streaming, has reportedly been groomed for the role by Hastings for many years and handed increasing power over the last few years.
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