Netflix Replaces Its Content Chief and Cuts Nearly a Thousand Jobs
Netflix named Peter Rice, a former Disney executive, as chief content officer on October 15, replacing Bela Bajaria. The appointment takes effect on October 26, and Mr. Rice will oversee…
Netflix Cuts About 1,000 Jobs While Co-CEOs Vow to Spend Where It Counts
Netflix said on October 14 that it would eliminate about 1,000 positions, roughly 6 percent of its workforce, in its largest round of cuts since 2022. Product, technology, legal and…
Netflix Cuts 1,000 Jobs as Growth Slows
Employees at Netflix learned on Wednesday morning that roughly 1,000 of them were being let go. Co-Chief Executives Ted Sarandos and Greg Peters announced the cuts, about 6% of the…
Netflix Buys the 2030 World Cup in Spain and Andorra
Netflix has spent three years buying live sport in pieces, and on October 13 it bought the largest piece of soccer it has ever held. The streaming company reached an…
AWS Chief Counters Data-Center Backlash With a Netflix Question
The pushback on Amazon’s data centers has a one-line retort from the man who runs them. “If you go to a community and say, ‘Do you not want to use…
Netflix Prepares to Cut About 800 Jobs, Its Deepest Since 2022
Netflix is preparing to cut about 5% of its global staff, a reduction of roughly 800 people, according to a report by the entertainment publication Puck that Reuters later matched…
A $110 Billion Bet on Bigness in Hollywood
At the final bell on Tuesday, Warner Bros. Discovery shares stopped trading on the Nasdaq. By the time the new company opened on the New York Stock Exchange under the…
Paramount Settles With States to Clear Its Warner Bros. Deal
The deadline had a dollar figure attached to it. Paramount had agreed to pay Warner Bros. Discovery $7 million a day, beginning October 1, if the two studios’ deal had…
Netflix Rebuilds Gene Wilder’s Voice, and Critics Wince
Rusty Goffe played an Oompa-Loompa in the 1971 film Willy Wonka & the Chocolate Factory, and five decades later he found himself on a new set listening to his old…
Disney Raises Disney+ and Hulu Prices for the Fourth Time in Four Years
When Disney+ launched in November 2019, it cost $6.99 a month and carried no ads. The ad-free version of the same service now costs $21.49, more than triple the original…
