Equities Tech

Netflix shares news: TV streaming firm announces new Board member

Share this article!

Netflix shares opened higher Thursday, following news earlier this week that the TV streaming business announced it had appointed a new Board member. The news followed a great night for the increasingly creative tech firm, as it tied with HBO for awards at the US 2018 Emmys.

By 1435 BST, Netflix shares were 0.17% higher at $367.60. The stock lost ground in the US Wednesday trading session after a mixed few weeks.

Netflix new Board member

The US TV streaming firm has appointed Mathias Döpfner, Chairman and CEO of Axel Springer SE, as a new member of its Board of Directors.

Döpfner leads one of Europe’s top digital publishing company’s and manages brands including Die Welt, Politico Europe, Business Insider and Bild.

“Netflix is one of a kind,” Döpfner said. “It has created a world leading entertainment service that continues to break new ground for the benefit of creators and consumers. A radically innovative culture and governance are essential parts of its success, and it is a tremendous pleasure and privilege to be part of this journey.”

Meanwhile, Netflix co-founder and CEO Reed Hastings was also upbeat on the new appointment.

“His leadership at the vanguard of both European business and digital media brings us invaluable perspective and insight as we work to build and constantly improve our business all over the world,” Hastings said.

Netflix’ Emmy award success                                                                                                                         

After receiving the most Emmy nominations ahead of the award ceremony, Netflix original productions received the same number of awards at the Emmy’s as rival HBO. Both firms took home 23 Emmy’s at the prestigious ceremony. However, HBO may have just edged Netflix, by taking the coveted best drama prize.

The achievement is notable, as Netflix only began its Original’s programming five years ago, while HBO is a veteran TV series producer.

The 2018 Emmy awards also proved a good night for Amazon, as its Prime series, The Marvellous Mrs Maisel, won the Best Comedy award. That marked the first time a streaming service had won in the comedy category.

Add Comment

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.