Netflix interviewing external candidates to lead ad-supported service: report


Netflix Inc. NFLX, -5.15% is in talks with several external candidates to oversee an ad-supported version of its streaming service, according a Wall Street Journal report. The company has interviewed candidates that include Pooja Midha, chief growth officer of Comcast Corp.’s CMCSA, -1.98% advertising unit, and Peter Naylor, Snap Inc.’s SNAP, -6.02% vice president of sales for the Americas and a former Hulu executive, according to people familiar with the matter. Netflix is moving quickly to launch an ad service to prop up revenue and subscriptions amid unrelenting competition from Walt Disney Co. DIS, -2.32%, Apple Inc. AAPL, -1.48%, Inc. AMZN, -3.28% and others. “We are still in the early days of deciding how to launch a lower-priced, ad-supported option and no decisions have been made. So this is all just speculation at this point,” a Netflix spokesman said in an email to MarketWatch.

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