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

October 10, 2012
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

Tags: Active, Microsoft, Netflix, Reed Hastings

Free Email Newsletter:
Subscribe

Shutterstock is the image partner of MyBroadband – technology images can be found here

Join the conversation

Connect with MyBB

twitterfacebookandroidappleblackberrynewsletterfeed

Poll

What is your preferred mobile platform?

View Results

Loading ... Loading ...

More News

Your PC can be hacked with a USB mouse

Hacker spyware virus

USB devices such as mice, keyboards, and thumb-drives can be used to hack into personal computers in a potential new class of attacks

Apple cuts jobs at Beats

Beats music

Apple Inc intends to lay off about 200 people at Beats Electronics following its $3 billion acquisition of the headphone and music streaming services company

Sanral chairwoman resigns

E-toll e-tag Sanral

The chairwoman of Sanral, Tembakazi Mnyaka, has resigned with immediate effect

Samsung loses ground to Chinese competitors

Samsung Galaxy S5 mini press shot

Samsung said net profit plunged almost 20 percent in the second quarter as competition from cheap Chinese phones and the strong won saw sales slump in its key mobile business

Free MyBroadband Newsletter:
Subscribe
X
bool(true)