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

Forum discussion

Shutterstock is the image partner of MyBroadband – more technology images

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

What would you like your ISP to do with lower wholesale ADSL rates?

View Results

Loading ... Loading ...

More News

New Telkom ADSL IPC price cuts – what you can expect

South African ISPs

Telkom has reduced the price of its wholesale ADSL IP Connect service – here is what you can expect from your Internet Service Provider.

Google Maps offline search, navigation announced

Offline cable unplugged chalkboard

Google has announced offline and low bandwidth solutions for Maps, YouTube, and Chrome

Free unlimited storage on Google Photos launched

Google Photos

Google has announced the launch of free unlimited photo storage on Google Photos.

Google Brillo: operating system for the Internet of Things

Internet of Things IoT

Google has announced what it calls “the operating system for the Internet of Things”.

X

Newsletter Subscription


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


Free MyBroadband Newsletter
Subscribe
X
bool(true)