Hastings backs out of Microsoft for Netflix focus

Netflix CEO Reed Hastings will step down from Microsoft’s board of directors to concentrate on Netflix

By - October 10, 2012 Share on LinkedIn
Netflix logo

Netflix CEO Reed Hastings is stepping down from Microsoft‘s board of directors next month.

Hastings says he will end his five-and-half-year stint on the software maker’s board to concentrate on running Netflix Inc. at a time the video subscription service is facing an assortment of challenges threatening its future growth.

Hastings, 51, will leave the board when Microsoft Corp. holds its annual shareholder meeting next month. The date of that gathering hasn’t been set.

Hastings’ departure will create an opening for a new lead independent board member. Microsoft plans to fill that void at its annual meeting.

After Hastings leaves, Microsoft will have nine directors.

Hastings will still serve on several other boards, including Netflix’s and Facebook Inc.‘s.

Related articles

Online video fans prefer TVs to computer screens

Digital TV launch date for SA

Is your new TV digital ready?

Digital TV set-top box tender extended

Share your thoughts

Shutterstock is the image partner of MyBroadband – more technology images

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Which mobile messaging service do you prefer?

View Results

Loading ... Loading ...

More News

Awesome tanks and jets of the Border War

Mirage III firing weapons

These are some of the war machines used in the conflict between the South African Defence Force and Angola, Cuba, and Umkhonto we Sizwe.

Bullied waitress gets R44,778 tip

Donation

A waitress that was allegedly reduced to tears by #RhodesMustFall activist Ntokozo Qwabe this week will receive a donation of R44,778 to make up for her lost tip.

Your smartphone is spying on you

mobile phone spying

We now have dozens of smart devices in our houses and even on our bodies – and they respond to whatever commands they are given.

Professional cyclists caught using tiny motors

Batteries and motor

An investigation claims that tiny hidden motors are used in bicycles in professional road races.

X

Newsletter Subscription


Name
Email *
Enter the following to confirm your subscription *
Captcha image


Free MyBroadband Newsletter
Subscribe
x