Sheryl Sandberg, Jack Dorsey to Leave Disney's Board
- Author: Sonia Alvarado Jan 16, 2018,
Jan 16, 2018, 0:47
Following their respective companies' push into generation of video content on their platforms, Facebook Chief Operating Officer (COO) Sheryl Sandberg and Twitter CEO Jack Dorsey are leaving Walt Disney's board, a regulatory filing has revealed.
In May, Twitter announced video streaming partnerships with 16 media companies, including some Disney competitors.
"Given our evolving business and the businesses Ms. Sandberg and Mr. Dorsey are in, it has become increasingly hard for them to avoid conflicts relating to Board matters, and they are not standing for re-election", Disney said in a statement.
Twitter, for example, streamed several National Football League games on its platform in 2016, and signed a different deal previous year to produce a 30-minute digital show with the network. The live digital show will be hosted by NFL Network talent and will cover breaking news, game highlights and fantasy projections.
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In August Facebook announced the launch of a new section called Watch, which would take viewers beyond the News Feed with appointment viewing.
Facebook also pushed video, including debuting its "Watch" feature in August past year. That competes directly against Disney-owned ESPN offerings covering the same sport. In addition, Disney's longtime lead independent director, Orin Smith will be retiring this year. One more board member, Robert Matschullat, is stepping down because he has served for 15 years, the maximum tenure. Twitter also has a partnership with Bloomberg LP.
At the same time, Disney is becoming more like a tech company.