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Facebook adds Netflix CEO Hastings to Board of Directors

Written by Andre Yoskowitz (Google+) @ 23 Jun 2011 13:25 User comments (1)

Facebook adds Netflix CEO Hastings to Board of Directors Facebook has just named Netflix CEO Reed Hastings to its Board of Directors, opening up a flood of speculation as to whether the two companies will join up in the future on content.
Says Facebook CEO Mark Zuckerberg of the move:

Reed is an entrepreneur and technologist who has led Netflix to transform the way people watch movies and TV. He has built a culture of continuous rapid innovation, something we share and work hard to build every day.


Adds Hastings:

Facebook is propelling a fundamental change in how people connect with each other and share all kinds of content. I'm looking forward to working with Mark and the rest of the board to help Facebook take advantage of all the opportunities ahead.


Facebook has 600 million users worldwide and Netflix is the top Internet subscription service in the world, with 23 million users in Canada and the U.S.

Other notable members of Facebook's Board are Zuckerberg, Marc Andreessen, Jim Breyer, Donald Graham and Peter Thiel.

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1 user comment

123.6.2011 14:11

To which none of these guys from Facebook have any dealings with in the entertainment industry whatsoever; now a CEO of a MAJOR entertainment division is on board. Money & power still has no account for common sense I suppose.

Granted, this article is no indicator as to what this partnership is to imply, but a simple loan from the mob doesn't just entail paying them back either.


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