Netflix CEO Reed Hastings illuminated a major point about Facebook’s new TV strategy (NFLX, FB)
|05/31/2017||Posted by BusinessMediaguide.Com under General World News||
Though Netflix CEO Reed Hastings sits on Facebook’s board, that hasn’t led to any conflicts because the two internet giants aren’t competing to buy the same shows, Hastings said at the Code Conference Wednesday.
Since 2011, Hastings has sat on Facebook’s board, but as Facebook’s plans to fund TV-style shows have taken form, observers have asked whether eventually Hastings might have to leave.
At least for now, that doesn’t seem to be something that bothers Hastings.
It’s “not a big conflict yet,” Hastings said Wednesday. “They are not doing ‘House of Cards’ … We are not bidding on the same shows.”
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