Netflix Poaches Activision’s Neumann for CFO Role

Netflix Poaches Activision's Neumann for CFO Role

Reuters reported Monday citing a source the media streaming company had poached Neumann in the video game publisher.

Netflix, which will be making more of its own films and shows, would like its next CFO to be established in Los Angeles with a concentration on production finance, 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 resign after 14 years at the streaming media giant.

Meanwhile, the Activision on Wednesday named Dennis Durkin as CFO in place of Neumann, who was terminated for violating his legal obligations to the business.