Netflix co-founder Reed Hastings is now building a mountain business in Utah

Reed Hastings, the co-founder of Netflix, has moved on to something new. According to an Inc. interview published in November 2026, he has retired from the streaming giant and is now focused on a business in the mountains of Utah.

Who he is

Hastings built Netflix into one of the best-known growth companies of the FAANG-stock era. FAANG is a nickname investors use for a small group of very large, fast-growing tech companies. Netflix is one of them. Hastings is now retired from that global company.

What is new

The interview title calls the Utah project his "rebound business." It also says he serves on the board of Anthropic, an AI company. A board is the small group that oversees a company's big decisions. The same interview touches on how to think about your legacy.

What is not known yet

The material available does not say what the Utah business actually is. It does not give a launch date, a budget, or how many people are involved. It also does not explain what Hastings does on the Anthropic board or what he said about leaving Netflix. Those details are in the full Inc. interview, which was not available for this report.

Why it matters

Founders who step back often start something new. It is a reminder that lessons from building a big business can be reused at any stage of a career. That applies to a small shop owner as much as a famous founder.