Activision CFO's contract has been mysteriously terminated

Visitors look at a presentation at the Acti Vision Blizzard exhibition stand during the Gamescom 2013 fair in Cologne

Neumann said on January 2nd: "Netflix is a singular brand, and I'm excited and honoured for the opportunity to work with the Netflix team and all of our stakeholders to build on the company's exceptional track record of success and innovation".

Netflix didn't provide a start date for Neumann. Spencer Neumann formerly the CFO of Activision Blizzard and past positions with companies like Disney is now the new CFO for Netflix.

Activision Blizzard, the gaming giant behind franchises like Call of Duty, Overwatch, World of Warcraft, and Diablo, has lost one of its senior executives.

Mr Neumann did not immediately respond to requests to comment. The changeover may not happen immediately, though: Activision Blizzard has stated that Neumann remains on paid leave at present, and it's unlikely his contract will permit him to take on the Netflix role until he has entirely separated from his former employer.

More news: Watch Russia Successfully Test Its Newest Hypersonic Missile System

Neumann received $9.47 million in total compensation during Activision Blizzard's most recent fiscal year. With the share drop, Activision Blizzard is keen to emphasise Durkin's experience and the company's growth during his earlier tenure.

Activision Blizzard has filed a report with the SEC on New Years Eve stating they want to fire their current Chief Financial Officer over incidents unrelated to the finances or corporate decisions. On January 2nd, 2019, Variety reported that the company said Neumann was "terminated for cause for violating his legal obligations to the company".

If Neumann ultimately ceases to be the CFO, then Durkin will take over the role, the company said. He has served in the role of Chief Corporate Officer since May 2017 through the present.

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