Netflix co-founder Reed Hastings is leaving the company. Hastings said he wants to ‘focus on new things.’

Reed Hastings is stepping down from Netflix's board in June, ending a 29-year run at the company he co-founded and helped transform from a DVD-by-mail business into a global streaming giant. Hastings said in a shareholder (PDF) letter that heâ(TM)s stepping down to focus on "his philanthropy an...