Activision sues Netflix for “poaching” its former CFO

Activision is suing Netflix over the appointment of its former chief financial officer, Spencer Neumann.

The suit alleges Netflix poached Neumann after he served just 18 months at the gaming giant and, according to Hollywood Reporter, is suing for “intentional interference with contract, unfair competition, and aiding and abetting breach of fiduciary duty”. Consequently, it’s seeking both compensatory and punitive damages and “a permanent injunction barring Netflix from soliciting its employees who are under contract”.

We learned Neumann had been fired from Activision at the beginning of 2019, although neither parties expanded on why he had been let go. Hollywood Reporter claims that Netflix “knowingly induced Neumann to breach his employment contract with Activision,” and “engaged in tortious conduct when Activision – with Neumann’s assistance – was negotiating with Netflix over a commercial partnership to distribute Activision’s linear media content”.

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