Netflix Poaches Activision's Neumann for CFO Role

Reuters reported on Monday citing a source that the media streaming firm had uttered Neumann from the video game publisher.

Netflix, which is making more of its own films and shows, would enjoy its next CFO to be established in Los Angeles with a focus on production fund, ” the source told Reuters.

Neumann has functioned in a variety of finance functions, such as at Walt Disney Co.. He replaces David Wells, who in August said he planned to step down after 14 years at the streaming media giant.

Meanwhile, the Activision on Wednesday named Dennis Durkin as CFO instead of Neumann, who had been terminated for violating his legal obligations to the company.