Activision Blizzard is suing Netflix for poaching financial director Spencer Neumann


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Netflix is ​​facing legal challenges as it seduces top executives from rival entertainment companies.

On Friday, Santa Monica-based Activision Blizzard sued Netflix for hiring chief financial officer Spencer Neumann.

Neumann filed a lawsuit against Activision Blizzard in the Los Angeles County Supreme Court, alleging that he terminated his contract with the company until the end of December 2018, at least until April 30, 2020, and left.

“Netflix’s illegal conduct has not only been updated – it reflects Netflix’s disrespect for California law,” Activision said in its lawsuit.

Netflix declined to comment.

Legal Activities of Activision Other companies like Fox and Viacom Netflix has sued its executives for poaching.

The court ordered last year To stop poaching executives under Netflix Fox’s fixed-term contracts. The Los Gatos, California-based streaming giant appealed the decision in September.

Activision has barred Netflix from hiring fixed-term employees in a lawsuit, and Netflix is ​​seeking damages.

After Neumann’s departure, Activision said it paid millions of dollars in compensation to its successor when it needed to replace its chief financial officer immediately and paid millions of dollars in additional compensation to motivate other executives to stay at the company.

“Netflix’s illegal conduct against Neumann is not an anomaly,” Activision Blizzard said in its lawsuit. “On the contrary, despite Netflix breaking the law on the road, Netflix only cares about attracting and hiring anyone.”

Neumann became CFO of Netflix in January 2019. Prior to joining Netflix, Neumann was “distrusted” when David Wells, the company’s former chief financial officer, offered him a chance to move to LA, said Reed Hastings, CEO of Netflix, in October.

“He did such a great job as a generalist and technology finance director,” Hastings said of Wells. “We were very happy to hire Spence Neumann, who was like the dream CFO for Netflix.”


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