June 23, 2011 07:07 pm EDT

Netflix CEO Reed Hastings joins Facebook's Board of Directors

News that Netflix's CEO Reed Hastings is joining the Board of Directors for Facebook should make for an interesting note in the next movie, but beyond that it's unclear what it means for either company. Hastings successfully navigated Netflix through the process of going public which many assume will be a next step for the social media giant, so his experience could come in handy, and also serves on the board of Microsoft, which owns a stake in Facebook. That goes without mentioning plans by Netflix to make another run at integrating social features into its movie service after the original implementation fell apart and Warner Bros. recently offering video on-demand through Facebook. Other than facing a lawsuit from Paul Allen, Netflix and Facebook share an intense public backlash whenever either one changes their homepage, but we're not sure how he could help there -- have you seen the redesigned Netflix.com?

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Netflix CEO Reed Hastings joins Facebook's Board of Directors originally appeared on Engadget on Thu, 23 Jun 2011 15:07:00 EDT. Please see our terms for use of feeds.

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