Rodolphe Belmer, who will take the reins of TF1 on October 27, will leave the board of directors of Netflix due to his upcoming appointment, AFP learned from the American streaming giant on Friday, confirming information from Le Point.
The future CEO of the TF1 group has resigned from his post as administrator of Netflix, which he has held since 2018, a decision which will be effective on October 27, the day Rodolphe Belmer takes office, Netflix said.
According to the information document submitted Friday by Netflix to the American stock market policeman, the Securities and Exchange Commission (SEC), the resignation of Rodolphe Belmer, presented to the platform on October 19, "
is not due to a disagreement with the company
".
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At the beginning of November, Netflix will launch in France and in eleven other countries a new cheaper subscription formula with advertising in order to win new subscribers.
Disney+ also plans to offer this type of subscription from December.
Such a strategic move worries traditional television channels, which fear losing part of their advertising resources to the benefit of streaming behemoths.