Streaming giant begins a new chapter as long-serving director takes the helm
$2.8 billion fee lifts cash flow to $12.5 billion; shares fall nearly 9 per cent.
Shares dip 8 per cent as cofounder exits; revenue up 16 per cent to $12.25 billion.
Sarandos tells Bloomberg the streamer wanted the asset, not the risk
Streamer tops forecasts with $10.5bn in revenue and a 27 per cent profit surge
