In 2023, Reed Hastings invested $100 million to become majority owner of Utah’s Powder Mountain; he is now spending another $200 million as the resort expands public and private skiing
Hastings became the controlling owner of Powder Mountain in 2023 after investing $100 million (Image Credit: Powder Haven) What happens when a Netflix co-founder turns his attention from streaming to skiing? For Reed Hastings, it has meant taking control of one of Utah’s largest ski areas and attempting to reshape how a mountain resort operates….