Print 9 comment(s) - last by CupCak3.. on Mar 29 at 12:19 PM

Reed Hastings joins Microsoft's board of directors

Microsoft has added the chairman and CEO of Netflix to its board of directors, increasing the size of the board from nine to 10 members. Hastings has also been appointed to the finance committee.

“Reed’s track record for delivering innovative and disruptive technologies to market is very impressive,” said Microsoft chairman Bill Gates. “With his rich consumer and technology background, he will be a tremendous addition to our board.”

Hastings founded Netflix in 1997, and the company ended 2006 with 6.3 million subscribers, having more than doubled in size over the last two years. Prior to founding Netflix, Hastings founded Pure Software, later acquired by Rational Software in 1997.

“There are very few companies that rival Microsoft’s impact on the way millions of people live, work and play around the world,” Hastings said. “I look forward to working with Microsoft’s esteemed group of board members to help shape the direction of the company as it continues to tackle the biggest industry challenges and opportunities.”

Microsoft’s board of directors also declared a quarterly dividend of $0.10 per share, payable June 14, 2007, to shareholders of record on May 17, 2007. The ex-dividend date will be May 15, 2007.

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RE: Is this a sign of Blockbuster's demise?
By Mitch101 on 3/28/2007 3:31:42 PM , Rating: 3
What I like about the Blockbuster deal.
1-I can get movies instantly just by going to the local blockbuster.
2-Those movies I drop off show are returned and the next movies in my Q are shipped.

What I dont like about the Blockbuster deal.
1-My local Blockbuster doesnt carry D*ck which is like getting old movies since decent movies rarely come out.
2-I can get late fees for not returning movies from my local store.
3-Blockbuster is still very slow at shipping out my Queued movies. Some show up as much as 7 days later and the distribution point I pass on my way to work.

By SunAngel on 3/28/2007 3:46:34 PM , Rating: 1
exactly! Good for us, bad for them.

By Spivonious on 3/28/2007 4:04:07 PM , Rating: 2
What I like about Blockbuster:
1. Free movies at the store for returning mailed ones there.
2. store-returned movies cause next queue movies to be sent out immediately.
3. new movies come about every 3-4 business days.
4. movies I rent at the store can be returned up to seven days past the due date with no penalties.
5. movies I rent at the store can be returned up to thirty days past the due date with a $1.65 restocking fee.

I can't think of anything I don't like about them. $9.99 a month for unlimited movies is a pretty good deal.

By Samus on 3/28/2007 8:57:23 PM , Rating: 2
yes but blockbuster's online (and store) selection is still only half (at best) of netflix's. Especially if you like anime or rare films.

By theapparition on 3/29/2007 7:40:42 AM , Rating: 2
1-My local Blockbuster doesnt carry D*ck

So are you complaining that Blockbuster doesn't carry gay porn?

"If they're going to pirate somebody, we want it to be us rather than somebody else." -- Microsoft Business Group President Jeff Raikes

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