Wednesday, November 6, 2024
spot_img

Facebook COO, Twitter CEO to exit Disney’s board

Date:

Share post:

spot_img
spot_img

San Francisco: Following their respective companies’ push into generation of video content on their platforms, Facebook Chief Operating Officer (COO) Sheryl Sandberg and Twitter CEO Jack Dorsey are leaving Walt Disney’s board, a regulatory filing has revealed.

“Given our evolving business and the businesses Sandberg and Dorsey are in, it has become increasingly difficult for them to avoid conflicts relating to board matters,” Fortune quoted a Disney spokesperson as saying late on Friday.

The departures of Sandberg and Dorsey — who is also the CEO of digital payments firm Square — from Disney’s board comes at a time when both Facebook and Twitter have been emphasising in promoting video content on their social networking and messaging services — a territory in which Disney is a prime player.

In the recent years, Twitter has signed deals with the NFL and MLB, among other sports leagues, to livestream certain games.

Facebook also pushed video, including debuting its “Watch” feature in August last year. “Watch” is intended to stream original programming created by users and celebrities.

Meanwhile, Disney was also reportedly pushing its content online.

The report said apart from its plans to create its own video streaming service in 2019 that is dedicated to movies and television shows, Disney also intended to debut an ESPN Plus streaming service this year.

Disney said former Starbucks CEO Orin Smith and private equity investor Robert Matschullat would exit the entertainment giant’s board.

“Matschullat and Smith will be departing pursuant to company policies that limit board service to 15 years and set the retirement age at 74, respectively,” the spokesperson was quoted as saying.(IANS)

spot_img
spot_img

Related articles

Lumdiengngan script first win in MSL 2024, beat Mawlum 3-1

Shillong, Nov 5: Nangkiew Shaphrang Lumdiengngan tasted their first victory in the Meghalaya State League 2024 with a...

Young Highlanders head to Silchar for NM Gupta football tourney

From Our Correspondent Guwahati, Nov 5: NorthEast United FC will participate in the 33rd edition of the Captain Nalini...

Lajong unveils exclusive program for fans

By Our Reporter Shillong, Nov 5: Shillong Lajong Football Club, one of India’s most celebrated football clubs, has officially...

NEHU VC-ni namdapatna ja·ku de·aniko talatchina VPP dabia

SHILLONG: Official-rangko seokanio North Eastern Hill University (NEHU)-ni Vice Chancellor Prof Prabha Shankar Shukla-ni dakgipa kamrangara, NEHU Act,...