The departure comes after Netflix recently abandoned efforts to acquire Warner Bros.

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

Netflix co-founder Reed Hastings will leave the company's board in June to focus on philanthropy and other efforts, the streaming company said Thursday.

Reed Hastings' time with Netflix will come to an end this summer. The co-founder of the streaming platform will not run for board re-election after his current term expires at Netflix's Annual Meeting ...

Tucked into the streamer's quarterly shareholder letter: the news that the founder and current chairman of the board will not ...

Netflix shares plummeted more than nine percent Thursday as the TV streaming titan's quarterly earnings failed to impress investors and co-founder Reed Hastings announced he is leaving. "Netflix ...