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

Can you get fibre-to-the-home where you live?

View Results

Loading ... Loading ...

More News

Huawei Select warranty: free liquid damage, screen repairs

Huawei P8 Connectivity

Huawei has launched its own version of Samsung’s accidental damage from handling warranty.

Huawei P8 launched in South Africa

Huawei P8

The South African launch date for Huawei’s new flagship Android smartphone has been announced.

Free Future Wireless Technologies Forum event here soon

Wireless Access Providers Association (WAPA) logo

The Future Wireless Technologies Forum will take place on 15 July at the Neotel conference centre in Midrand.

SABC will tell the truth: New CEO

SABC logo on paper

New SABC chief executive officer Frans Matlala said the public broadcaster going forward will tell the truth but will also be “balancing the perspective”.

X

Newsletter Subscription


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


Free MyBroadband Newsletter
Subscribe
X
bool(true)