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Netflix's founder and one of its co-CEOs, Reed Hastings, is stepping down from his post and transitioning to a new role at the streaming entertainment company.
As part of Netflix's "succession process," the company has announced that Hastings will become executive chairman of Netflix. Ted Sarandos will remain co-CEO, and former COO Greg Peters will step up to become the other co-CEO of Netflix, the company announced.
Sarandos said in a statement, "I want to thank Reed for his visionary leadership, mentorship, and friendship over the last 20 years. We've all learned so much from his intellectual rigor, honesty and willingness to take big bets--and we look forward to working with him for many more years to come."
Peters added: "I feel humbled and privileged to become co-CEO of Netflix. Ted and I have worked together for many years--building tremendous trust and respect for each other. We're also motivated by the same goal: a desire to better serve our members so that we can continue to grow our business."
Hastings said in his own statement that as executive chairman, he will help Peters and Sarandos as he acts like a "bridge from the board to our co-CEOs." Hastings also said…
Here’s everything we know about new Netflix show Lockwood & Co., from release date and trailer to cast, plot, and more.
Joe Cornish – director of Attack the Block and The Kid Who Would be King – adapts the story, which revolves around a trio of supernatural investigators.
The show drops at the end of this month, so here’s everything we know about Lockwood & Co. in advance of its January release.
Lockwood & Co. premieres on Netflix on January 27, 2023.
The show consists of eight episodes which, as per the Netflix release strategy, will all drop on that same day.
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Yes, there is a trailer for Season 1 of Lockwood & Co. You can watch that “Official Teaser” below.
The trailer is essentially a single scene, which has definite Ghostbuster vibes, plus a dash of Harry Potter.
UPDATE: Lockwood & Co. now has a longer trailer that gives a better sense of the show’s story…
LLY’s price/sales is 10.80.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.
LLY’s price/forward earnings is 41.49.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.
LLY’s price/book is 32.84.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
See LLY’s valuation ratios compared to the Market Index.