CLOSINGS: View Closings

Susan Rice's next gig: Netflix

Susan Rice has a new job at Netflix.Netflix announced on Wednesday that Rice, a former UN ambassador and natio...

Posted: Mar 29, 2018 8:08 AM
Updated: Mar 29, 2018 8:08 AM

Susan Rice has a new job at Netflix.

Netflix announced on Wednesday that Rice, a former UN ambassador and national security adviser under President Barack Obama, has joined its board of directors.

Rice joins the company after a long career in government. Before her jobs in the Obama administration, she served as assistant secretary of state for African affairs and as a special assistant to President Bill Clinton.

Michael Olson, an analyst who covers Netflix for Piper Jaffray, said Netflix was probably eager to add someone with Rice's experience because of increased regulatory attention to the media industry. He cited net neutrality and scrutiny over big media mergers.

"There's been a lot of government involvement over the last several years," Olson said.

Netflix CEO Reed Hastings said in a statement that Rice "has tackled difficult, complex global issues with intelligence, integrity and insight." Rice said she is "thrilled" to join the board, and described Netflix as a "cutting-edge company."

Related: Netflix looks all over the world to feed a growing audience

Rice is following in her old boss's footsteps. Obama is discussing a production partnership with Netflix, a source has confirmed to CNN. If it goes through, both the former president and his wife, Michelle, will be involved in a series of shows for Netflix.

Related: Barack Obama in talks with Netflix for 'production' deal

The streaming service turned production company is on a successful run.

Netflix took home its first Academy Award this year for the documentary "Icarus." The company is spending $8 billion on original shows and movies this year. Netflix has more than 117 million subscribers, 55 million in the United States. The stock has jumped about 50% this year.

Competitors have said Netflix may be growing too quickly. HBO and Disney have suggested that Netflix's ballooning roster of shows means it can't pay enough attention to each individual project. That could make it hard for Netflix to attract talent down the line.

- CNN's Brian Stelter and Jill Disis contributed to this report.

Article Comments

Mason City
Scattered Clouds
25° wxIcon
Hi: 47° Lo: 27°
Feels Like: 14°
Albert Lea
Scattered Clouds
23° wxIcon
Hi: 44° Lo: 27°
Feels Like: 16°
Scattered Clouds
27° wxIcon
Hi: 47° Lo: 27°
Feels Like: 19°
Charles City
Few Clouds
28° wxIcon
Hi: 47° Lo: 27°
Feels Like: 18°
Broken Clouds
23° wxIcon
Hi: 44° Lo: 24°
Feels Like: 12°
Lovely weekend ahead
KIMT Radar
KIMT Eye in the sky

Latest Video


Coronas Tacos Undaunted by Name


FEMA suggests only buying groceries for a week


Rochester Fire Department using PPE


Takeout liquor is just a call away in Iowa


A closer look at the CDC recommendation to wear a mask


Stewartville first responder suspension


Chris' PM Weather Forecast


Shopping for groceries the smart way


How often should you be visiting the grocery store?


Gov. Walz Gives Update on Food Supply

Community Events