Netflix names former gaming company exec Spencer Neumann as CFO
Netflix names former video game company exec Spencer Neumann as CFO
Neumann was formerly the CFO at games company Activision Blizzard
Netflix has named Spencer Neumann every bit its new principal financial officer, with the executive leaving behind his onetime role as CFO of video game company Activision Blizzard.
News outlets have reported that no start date has been announced. Spencer will supplant David Wells who was Netflix'southward CFO since 2010.
Reuters reported that on December 31, 2018, Activision Blizzard, in a regulatory filing, had intended on firing Neumann for unspecified reasons. On Jan 2d, 2019, Variety reported that the company said Neumann was "terminated for cause for violating his legal obligations to the company." The article suggested this could mean that he breached his employment agreement with Activision.
Activision Blizzard is one of the most successful standalone interactive entertainment companies. Some of the notable games that have been released by Activision include Call of Duty, Destiny, Guitar Hero, Diablo, Warcraft, andCandy Beat Saga.
That Neumann joins Netflix from a video game publisher/programmer and given that the news was announced less than a week after Netflix released the world's starting time interactive choose-your-ain-take chances motion picture in partnership with Television receiver seriesBlackness Mirror (Black Mirror: Bandersnatch), could hateful that Netflix aims to develop more interactive movies.
"Spencer is a stellar entertainment executive and we're thrilled that he will help united states of america provide amazing stories to people all over the world," Reed Hastings, Netflix's chairman and CEO, said in a recent statement. "I also desire to again say cheers to David Wells, on behalf of the company and our shareholders, for his invaluable contributions at Netflix over the past 14 years."
Neumann said on January 2nd: "Netflix is a singular brand, and I'chiliad excited and honoured for the opportunity to work with the Netflix team and all of our stakeholders to build on the company's exceptional track tape of success and innovation."
Neumann was the CFO at Activision Blizzard since May 2017 and before that was the CFO and executive vice-president of global guest experience at Disney's Walt Disney Parks and Resorts division.
He's held various other senior executive roles at Disney, including executive vice-president of the ABC Television Network from 2001 to 2004 and CFO of the Walt Disney Internet Group from 1999 to 2001.
Paradigm credit: LinkedIn, Flickr
Source: Diversity, Reuters
Source: https://mobilesyrup.com/2019/01/02/netflix-names-cfo-spencer-neumann/
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