Netflix (NFLX - Free Report) has lately been in the headlines for hiring a number of top executives at big companies. The company may soon hire Activision’s (ATVI - Free Report) chief financial officer (CFO) Spencer Neumann, per Reuters, and continue to strengthen its executive lineup.
Neumann who is expected to join Netflix in early 2019 is currently under an 18-month term with the gaming company. However, Activision recently filed a regulatory filing stating that it is firing Neumann for reasons unrelated to the company’s “financial reporting or disclosure controls and procedures.”
Prior to joining Activision, Neumann served as the CFO and executive vice president of global guest experience at Disney’s (DIS - Free Report) Parks and Resorts. Even before this, Neumann was the executive vice president of Disney owned ABC and CFO of Disney Internet Group.
We believe Neumann’s vast experience in the media industry will help the company to plan its original content production lineup. Notably, Neumann will join Netflix at a time when the company is looking for a finance head domiciled in Los Angeles to focus on production finance. The company aims to generate more in-house content and reduce dependence on licensed programming, per Reuters.
Netflix, Inc. Revenue (TTM)