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Netflix hires Spencer Neumann as new CFO

Netflix has hired Spencer Neumann as its chief financial officer, just two days after he was fired as CFO from American video game company Activision Blizzard. Neumann replaces David Wells, who announced his departure in August last year. Wells had served as CFO since 2010.  

Activision Blizzard reportedly said that Neumann’s firing was not related to the company’s financial performance, even though CNBC reports that he was let go because he was pursuing another job. He had joined Activision Blizzard in May 2017.

Neumann has previously held senior roles at The Walt Disney Company; he last served as CFO and executive VP of global guest experience of Walt Disney Parks and Resorts. He has also been with private equity firms Providence Equity Partners and Summit Partners. He served at Disney prior to that, he originally joined the company in 1992. He was also executive VP of ABC Television Network and has served as CFO of the Walt Disney Internet Group.

Neumann joins Netflix just as its first ever interactive episode of Black Mirror ‘Bandersnatch’ saw a worldwide release last week. Netflix has also released an interactive kids shows, and is reportedly planning to launch a game version of its original show Stranger Things and another interactive game called Minecraft: Story Mode.

Our Netflix coverage.

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