Netflix CFO defends US$6bn content spend

Netflix financial chief David Wells has claimed Netflix’s multi-billion dollar content spend is the key factor in the international SVOD service’s subscription growth. CFO Wells reiterated Ted Sarandos’ recent admission Netflix would spend US$7 billion on shows – mostly original content – in 2018, and has said spending US$20 million an hour on originals was […]

Brave Bison appoints Warner Bros exec as CFO

Brave Bison’s new CEO Claire Hungate has made her first appointment by hiring former Warner Bros colleague, Paul Campbell-White, as CFO. Campell-White joins from Warner Bros. Television Production UK, where he is currently chief financial officer. He is due to take up his new role, as well as a place on the Brave Bison board, […]

Harmonic ups Kalra to CFO

Harmonic has upped its corporate controller and chief accounting officer, Sanjay Kalra, to chief financial officer. Kalra, who joined Harmonic last year from TiVo, will take over from previous CFO Harold Covert after he resigned to spend more time with his family. “Since joining Harmonic, Sanjay has impressed our management team and board of directors […]

ProSiebenSat.1 appoints CFO, head of M&A

ProSiebenSat.1 has appointed the senior vice-president of finance at online retailer Zalando, Jan Kemper, as its new chief finance officer. Kemper will become CFO on June 1, 2017 and will also head up mergers and acquisitions (M&A) at ProSiebenSat.1, effective August 1, 2017. At the same time, chief investment officer, Ralf Schremper, whose contract at […]

Disney CFO plays down Netflix speculation, confirms ESPN D2C launch this year

Disney chief financial officer Christine McCarthy has played down the idea that Disney is looking to make a “transformational” acquisition with an implied reference to market speculation about a possible purchase of Netflix. Speaking at the Citi Internet, Media & Telecommunications Conference in Las Vegas, McCarthy said: “I too have heard that narrative but nothing […]

Netflix-type services not a threat to Sky, says CFO

Subscription video-on-demand services such as Netflix are not having “a big impact” on Sky’s growth, according to Sky CFO Andrew Griffith. Speaking to analysts after Sky released its Q1 figures, Griffith said that “the two services don’t go directly toe-to-toe” with each other. He said SVOD customers are generally either people who look to these […]

Netflix aims for half original, half licensed content split

Netflix aims to move to a 50-50 split between licensed and original content, according to the company’s chief finance officer, David Wells. Speaking at Goldman Sachs’ 25th Annual Communacopia Conference in New York yesterday, Wells said that the subscription video-on-demand giant will be “pushing more and more” towards its goal of half original exclusive content. “It will […]

Telenor names new CFO

Norway-based telco Telenor has named Jørgen Rostrup as its new chief financial officer. Rostrup, who is currently president of Yara North America, will join the Telenor management team by November 1 at the latest. He will report to CEO Sigve Brekke. Acting CFO Morten Karlsen Sørby will assume the new role of chief transformation officer when […]

Vodafone UK CEO to lead Liberty joint venture

Vodafone and Liberty Global have said they intend to appoint Vodafone UK CEO, Jeroen Hoencamp, as the chief executive of their 50-50 joint venture in the Netherlands. Under the plans, which were announced today, Ziggo chief finance officer, Ritchy Drost, will become CFO of the merged entity – which will combine Liberty-owned Ziggo’s fibre broadband […]

Endemol Shine poaches Liberty Global’s CE CFO

Endemol Shine Group has poached Ivan Nash Vila from cable giant Liberty Global to become its CFO. He joins the 21st Century Fox-backed production group having most recently been CFO, central Europe at John Malone’s Liberty. Nash Vila replaces Edwin van Es, a former Endemol exec who had held the CFO post at since late […]