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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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Its all about IPTV...
By CupCak3 on 3/29/2007 12:19:55 PM , Rating: 2
I'm surprised no one has yet mentioned the obvious of MS and Netflix joining forces for IPTV and movie rentals over xbox live and the MS marketplace. Netflix has been breaking into this market and MS is obviously positioning themselves to also take advantage of it...

I think depending on the pricepoint, this could be very good for us consumers.




"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation











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