Netflix CEO Joins Facebook Board of Directors

Posted Tue Jun 28, 2011 at 11:00 AM PDT by Dick Ward

Just what that means for the two companies is anyone's guess.

What happens when the CEO of the biggest subscription streaming service gets together with the largest social networking site around? We're about to find out.

Netflix CEO Reed Hastings has officially joined the Board of Directors at Facebook, stating that "Facebook is propelling a fundamental change in how people connect with each other and share all kinds of content.'

Of Hastings, Facebook CEO Mark Zuckerberg said "Reed is an entrepreneur and technologist who has led Netflix to transform the way people watch movies and TV," adding that "He has built a culture of continuous rapid innovation, something we share and work hard to build every day."

What effect this news will have on the ideas Netflix has about integrating further with social networking sites is yet to be seen. You can bet that we'll see Netflix integrated into Facebook in some way soon though.

Source: Engadget

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Tags: Facebook, Netflix, Reed Hastings (all tags)