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North America's largest ski resort is bought by Netflix billionaire

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Former Netflix CEO Reed Hastings, who became a minority owner of Powder Mountain in April, took over as the majority owner on Sept. 6.

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Spread over 8,464 acres and located in Utah, Powder Mountain is the largest in terms of skiable acres in North America. 

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Among its many features are 54 trails, nine lifts, two terrain parks, and cat skiing options, receiving almost 500 inches of snow in a good year.

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It is located just an hour north's drive from Salt Lake City International Airport.

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Hastings plans to improve infrastructure and amenities while "maintaining the uncrowded feel Powder Mountain is known for,” he said in a Forbes interview.

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The resort's new activity hub, Launch Pad Yurt opens in December and will host various winter activities including cross-country skiing and snowshoeing.

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Night skiing lift tickets will be available to everyone every night at just $19.

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