Despite strong revenues and profits, the streaming service cut 1,000 jobs and jettisoned its chief content officer. Drops in the stock price and viewer engagement are to blame.
Category: Sarandos, Ted
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Netflix Replaces Bela Bajaria as Chief Content Officer
The New York Times – Business:Peter Rice, a former executive at Disney and Fox, will take over from Bela Bajaria.
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Netflix, Facing Slowing Growth, Cuts 6% of Its Work Force
The New York Times – Business:The streamer’s share price is down more than 40 percent over the last year as the company has struggled with stalling engagement.
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Netflix Plans First Wide Theatrical Release With ‘Narnia’
The New York Times – Business:The company is breaking from its longstanding policy of releasing movies exclusively on its streaming service.
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Netflix Leader Makes Rare Overture to Cinema Owners
The New York Times – Business:Ted Sarandos attended a major movie theater conference for the first time and met with domestic and international owners, people familiar with the meetings said.
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Abrupt Change for Warner Bros. Prompts Many Grim Faces
The New York Times – Business:Employees at the company had started to warm to the idea of Netflix as its corporate owner. Now they face the prospect of major cuts under Paramount.
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Netflix Backs Out of Bid for Warner Bros., Paving Way for an Ellison Takeover
The New York Times – Business:The move was a stunning development in the long-running corporate battle for the storied media giant.
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Warner Bros. Discovery Deems Paramount’s $111 Billion Bid ‘Superior’
The New York Times – Business:Netflix now has four business days to decide whether it wants to counter Paramount’s offer.
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Ted Sarandos Says Critics Just Misunderstand Netflix
The company’s co-chief executive sat down for an extensive interview for the first time since announcing plans to buy Warner Bros. Discovery’s film and TV business.
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Ted Sarandos Says Critics Just Misunderstand Netflix
The company’s co-chief executive sat down for an extensive interview for the first time since announcing plans to buy Warner Bros. Discovery’s film and TV business.
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With ‘The Rip,’ Netflix Makes an Exception for Ben Affleck and Matt Damon
The streaming giant agreed to pay the entire production crew of the pair’s new movie a bonus if the film performs well on the service.
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Trump Stands in the Middle as Netflix and Paramount Vie for a Megadeal
The president has shattered norms by pledging to “be involved” in the regulatory fate of a transaction that could reshape the news and entertainment industries.