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
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



How much data do you use per month?

View Results

Loading ... Loading ...

More News

Telkom R599 uncapped LTE promotion goes national


Telkom’s uncapped LTE promotion is now available in every province except the Northern Cape.

Vox Telecom launches first Uncapped Voice for business product

Vox telecom logo

Vox Telecom has launched an Uncapped Voice product aimed at small-to-medium-sized businesses.

New My MTNChoice+ contract packages launched

My MTNChoice plus

MTN has launched My MTNChoice+, a new range of contract plans aimed at smartphone users.

How to get a free Apple Watch with Discovery Vitality

Apple Watch

Discovery has launched its Apple Watch reward programme for Vitality members.


Newsletter Subscription

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

Free MyBroadband Newsletter