Meg Whitman, who’s stepping down as the CEO of Hewlett Packard Enterprise (HPE), will become the CEO of a start-up mobile media firm NewTV – promoted by DreamWorks co-founder Jeffrey Katzenberg.
Meg Whitman previously served on the board of DreamWorks Animation, which Jeffrey Katzenberg co-founded.
NewTV plans to make Hollywood-style, short-form videos for mobile use. NewTV will provide a technology platform for mobile viewing of the content. NewTV is trying to raise about $2 billion, which would be a significant first round of financing for a digital media startup, Reuters reported.
Katzenberg is chairman of NewTV. NewTV is headquartered in Los Angeles.
Meg Whitman, who was reportedly a leading candidate for the chief executive job at ride-hailing firm Uber before it was given to Dara Khosrowshahi, steps down as CEO of Hewlett Packard Enterprise on February 1.
Most recently, Meg Whitman served as CEO of HPE where she continues to serve on the board. From 2011 through 2015, she served as president and CEO for HP, leading the company’s turnaround and subsequent separation into HPE and HP Inc.
From 1998 to 2008, Meg Whitman served as president and CEO of eBay where she oversaw its growth from 30 employees and $4 million in revenue to more than 15,000 employees and $8 billion in revenue.
She has also held executive-level positions at Procter and Gamble Company, Hasbro, The Walt Disney Company and Bain & Company. She currently serves as a director for Dropbox, The Procter & Gamble Company, Teach For America, and The Nature Conservancy and previously served on the board of DreamWorks Animation SKG.