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Former Netflix executive Cindy Holland joins Entertainment SPAC’s board of directors

Cindy Holland shocked Hollywood by suddenly leaving Netflix’s top role this summer, but reappeared as a board member of a blank-checking company focused on the media and entertainment arena.

The Netherlands has a key foresight behind Netflix’s strategy of developing original content for nearly 20 years, at a blank-checking company led by billionaire Todd Bailey, co-owner of the Los Angeles Dodgers. There is a Horizon Acquisition Corp. Advise on possible mergers and acquisitions. According to a submission to regulators on Monday.

Other Horizon board members include media executives who worked with the Netherlands on some of Netflix’s biggest hits. Among them are Asif Satchu and Modi Wiczyk, co-CEOs of MRC Entertainment, who produced one of Netflix’s first breakout original shows, The House of Cards. Other Horizon board members include DraftKings CEO Jason Robins.

The so-called special purpose acquisition company, or SPAC, Horizon, is aiming to target “market-leading” companies in the media and entertainment industry that “provide their own products or services to consumers” this year. Raised $ 500 million in initial public offering in the summer. According to the securities stuffing.

The Netherlands left Netflix in September after being taken over by co-CEO Ted Sarandos in a new role as Global TV Head. Salands instead promoted Bella Bajaria to that role and sent Dutch packing.

Not only did the Netherlands develop hits such as “House of Cards” and “Stranger Things,” but Netflix was also a major architect who transformed a DVD-by-mail company into a major Hollywood player, so the departure shocked the industry. I sent that.

MRC is also the co-owner of “The Hollywood Reporter” with Penske Media. The MRC recently sold an 80% stake in The Hollywood Reporter to Penske, but the deal is currently being investigated by the Justice Department for antitrust violations, as the post last week reported exclusively. ..

Former Netflix executive Cindy Holland joins Entertainment SPAC’s board of directors

Source link Former Netflix executive Cindy Holland joins Entertainment SPAC’s board of directors

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