Facebook's Sandberg And Twitter's Dorsey To Leave Disney Board

Lloyd Doyle
January 13, 2018

Facebook Inc. chief operating officer Sheryl Sandberg and Twitter Inc.'s chief executive officer Jack Dorsey will step down from their posts on the Walt Disney Co.'s board.

The move came into light after Disney's annual proxy statement had Sandberg's and Dorsey's names missing from the list of directors standing for re-election.

Twitter a year ago signed a deal with the NFL for a 30-minute digital show that it aired five nights a week during the league's season. Under the deal NFL would run a show on the social media platform five days a week during football season. The live digital show will be hosted by NFL Network talent and will cover breaking news, game highlights and fantasy projections.

In August Facebook announced the launch of a new section called Watch, which would take viewers beyond the News Feed with appointment viewing. It's also bankrolled several big-budget reality and dating shows planned to debut when Watch eventually goes national.

Robert Matschullat, former Seagram Company vice chairman, will also leave Disney's board because the company limits service to 15 years, the company said. As the entertainment industry continues to consolidate and the worlds of Silicon Valley and Hollywood merge, Disney's board has at times found itself having to deal with conflicts of interest.

Facebook and Twitter have both expressed interest in delving into video programming.

Facebook has escalated efforts around video programming, a lucrative growth area for the company's advertising business, which brought in $10.1 billion past year.

At the same time, Disney is becoming more like a tech company.

Other reports by Iphone Fresh

Discuss This Article