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☆ Netflix is shifting strategy away from big-budget action flicks and big-name stars. Here's its new plan.
▼ + stars: | 2024-04-14 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Dan Lin, Netflix's new film chief, wants to diversify its movie offerings. Dan Lin, the company's new film chief, now wants to change that, according to The New York Times. Netflix's previous film chief, Scott Stuber, left the company in January following clashes with bosses over what kinds of films to produce. AdvertisementLin quickly went to work reorganizing the company's film department, laying off 15 of its 150 film department staff, and reorganizing the department by budget rather than genre, according to the outlet. Lin also "indicated that Netflix is no longer only the home of expensive action flicks featuring big movie stars."

Persons: Dan Lin, —, Mark Wahlberg, Wahlberg, Critics, Robert P, Scott Stuber, Bela Bajaria, Bajaria, Lin Organizations: Service, Netflix, The New York Times, Business, Rotten, Times

☆ Netflix Names Dan Lin Its Top Movie Executive
▼ + stars: | 2024-02-28 | by ( Nicole Sperling | More About Nicole Sperling | ) www.nytimes.com time to read: +1 min

Netflix said on Wednesday that the producer Dan Lin would replace Scott Stuber as the streaming company’s top film executive. Mr. Stuber was the head of Netflix Film for seven years before announcing last month that he would be leaving. During his tenure, he brought a bevy of Oscar-winning filmmakers to Netflix and helped the company push the rest of the entertainment industry into the streaming era. He will report to Bela Bajaria, Netflix’s chief content officer. “While I’ve been approached many times during my past 15 years at Rideback, I could truly never imagine leaving until Bela reached out with this incredible opportunity,” Mr. Lin said in a statement.

Persons: Dan Lin, Scott Stuber, Stuber, Oscar, . Lin, Bela Bajaria, I’ve, Bela, Mr, Lin Organizations: Netflix, Warner Bros, Rideback Productions Locations: Rideback

☆ Did Netflix's movie boss leave because he didn't want to make so many movies?
▼ + stars: | 2024-01-26 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Netflix movie boss Scott Stuber, who joined in 2017, is leaving. AdvertisementOn Monday, when Netflix announced that Scott Stuber, their longtime film boss, was leaving to start his own production company, we wondered what the backstory was. Or, more accurately, one version of the answer: Stuber, who Netflix brought in to ramp up its movie business in 2017, was sick of making so many movies. Related storiesHe also wanted to get those movies into movie theaters, with wide distribution, before they came to Netflix. Sarandos and Bajaria—Stuber's boss since last January—wanted none of that, even though Netflix loses many coveted projects over the theater issue.

Persons: Scott Stuber, —, Ted Sarandos, Bela Bajaria —, — Kim Masters, Matt Belloni, Stuber, Here's, Bela Bajaria, He'd, Chris Nolan wouldn't, Oppenheimer, Belloni, Sarandos, Oscar Organizations: Netflix, Service, — Netflix, Hollywood, Apple, Sundance, Big Bad Locations: Puck, Hollywood

☆ Netflix is winning the streaming wars. The new numbers are in — and it's not even close.
▼ + stars: | 2024-01-23 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

The dominant streamer now has more than 260 million global subscribers. The dominant streamer just had its best Q4, adding 13.1 million global subscribers for a total of more than 260 million. This growth widens its lead over newer competitors like Disney+, its closest streaming rival, which trails far behind with 150 million global subscribers. AdvertisementAnd while not every title is a hit, Netflix has enough that it's reached utility status with subscribers. Analysts have questioned how much more growth Netflix can get out of its cheaper ad tier and password-sharing crackdown.

Persons: —, Scott Stuber Organizations: Netflix, Disney, Service, Nielsen, Amazon's, Wall Street Journal, WWE

(Both men already hold sizable amounts of Alibaba stock.) Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent. The stock purchases will probably bring attention back to Ma, a former English teacher who helped start Alibaba as an e-commerce platform. Ma, who hasn’t held a management role at Alibaba or Ant in years but remains a lifetime partner in the Alibaba Partnership, now largely focuses on Bill Gates-style philanthropy. And she’s expected to take swipes at Trump’s economic record as president.

Persons: Tsai, Ma, Alibaba, Ant, hasn’t, Bill Gates, Nikki Haley, Donald Trump, Eric Rosengren, Robert Kaplan, Kaplan, Rosengren, Archer, Daniels, Vikram Luthar, Scott Stuber, Spike Lee, Martin Scorsese, Jane Campion, Stuber, Ted Sarandos, Netflix’s, Bela Bajaria, Biden’s, Janet Yellen, Lael Brainard, they’re, Biden, ” Ray Fair Organizations: Pool Management, Alibaba, Brooklyn Nets, New York Liberty, Nets, Boston Fed, Dallas Fed, Republican, Biden, Yale, Times Locations: U.S, Hong Kong, China, Ma, Beijing, ’, Paris, New Hampshire, Dixville

☆ Netflix earnings: Will the streaming service continue to make profit into 2024?
▼ + stars: | 2024-01-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

Netflix, which is in a quiet period ahead of earnings, declined CNN’s request for comment. In November, Netflix aired its first-ever live sports event, and its third-ever foray into live programming, called “The Netflix Cup,” a crossover competition between Formula 1 drivers and professional golfers. “We are investing heavily in increasing our live capabilities,” Netflix’s co-CEO Ted Sarandos said on the company’s earnings call in October. Next, Netflix plans to experiment with a new type of live programming: award shows. But even before the announcement, the number of shows and original programming Netflix churned out had already hit its peak, according to data analyzed by MoffettNathanson.

Persons: ’ ”, Jessica Reif Ehrlich, Reed Hastings, Amy Reinhard, Netflix’s, Reif Ehrlich, Philip Pacheco, ” Netflix’s, Ted Sarandos, Greg Peters, ” Peters, Matthew Harrigan, ”, Scott Stuber, Max, Peacock, MoffettNathanson, Harrigan, ” Harrigan Organizations: Los Angeles CNN, Netflix, Warner Bros, Bank of America, Guild of America, Netflix Inc, Bloomberg, Getty, Formula, Theft, Amazon, Hulu, Disney, Paramount Locations: Hollywood, FactSet

☆ Netflix is the king of streaming. But can it last?
▼ + stars: | 2024-01-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at what to expect ahead of Netflix's big earnings report. This story is available exclusively to Business Insider subscribers. And as other streamers scramble to figure out long-term business plans, Netflix has been crowned the winner of the streaming wars thus far. Netflix is so big it even has shows from other streamers, a sign of how ubiquitous it has become. AdvertisementGet in touchinsidertoday@insider.comTo read unlimited articles, subscribe to Business Insider.

Persons: —, It's, Scott Stuber, Stuber, Insider's Lucia Moses, That'll, dealmaking, isn't, Insider's Peter Kafka, Peter, it's, James Leynse, Griffin's, Shaw, Griffin, Gary Weathers, Morgan Stanley, Tesla, Stellantis, Tommy Parker, They're, Oscar, Zazie Beetz, Jack Quaid, They'll, Tim Spector's, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb, Hayley Hudson, Lisa Ryan Organizations: Service, IRS, Business, Netflix, Netflix Films, Traders, Computer Terminals, Goldman, Getty, UBS, Griffin's Citadel, LCH Investments, BlackRock, Los, Peugeot, Chrysler, Dodge, BI, Balyasny, Management, National Baseball Hall of Fame, MLB Network, Procter, Gamble, Electric, Verizon Locations: Goldman Sachs, Los Angeles, Boston, Suez, Panama, New York, San Diego, London, Edinburgh

☆ Netflix’s Head of Film to Depart
▼ + stars: | 2024-01-22 | by ( Nicole Sperling | More About Nicole Sperling | ) www.nytimes.com time to read: +1 min

News of Mr. Stuber’s departure came on the eve of the Oscar nominations. During his tenure, which began in 2017, Netflix has had eight films nominated for best picture, though a win in that category has proved elusive. “Scott has helped lead the new paradigm of how movies are made, distributed and watched,” Ted Sarandos, Netflix’s co-chief executive, said in a statement. “He attracted unbelievable creative talent to Netflix, making us a premiere film studio.”While Mr. Stuber’s slate of movies helped to boost Netflix’s business substantially, he often clashed with Mr. Sarandos over strategy. Mr. Stuber often tried to appease filmmakers by pushing for wider theatrical releases than Mr. Sarandos was willing to undertake.

Persons: Scott Stuber, Oscar, Martin Scorsese, Spike Lee, Jane Campion, Alfonso Cuarón, Stuber’s, “ Scott, Ted Sarandos, Netflix’s, “, Stuber, Sarandos Organizations: Netflix, ., Mr

☆ Why did the powerful head of Netflix's movie studio just leave?
▼ + stars: | 2024-01-22 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

If you do work in movies, you almost certainly have heard of him: He's the guy in charge of Netflix's movie division, and for years, Netflix's movie division made a lot of movies, at a time when lots of studios were shrinking. Now that's changing, and now Stuber isn't going to be at Netflix anymore: Netflix says he's leaving to start his own media company. And a few months after that, when Stuber's name was floated as a possible contender to run Amazon's movie business, he didn't seem long for the place. Now, Stuber said, Netflix was going to cut its output in half so it could make things better things. Asked for comment, a Netflix spokesperson supplied quotes from Stuber, Sarandos, and Bajaria saying nice things about each other.

Persons: Scott Stuber's, Stuber, Ryan Reynolds, Martin, Scott, Reed Hastings, Ted Sarandos, Greg Peters, Bela Bajaria, We'd Organizations: Netflix, Business, Universal, Stuber, Hollywood, Variety Locations: Hollywood, Stuber

☆ 3 big challenges facing Netflix as the streaming wars enter a brutal new phase
▼ + stars: | 2024-01-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Hollywood stakeholders and analysts alike have declared Netflix the winner of the streaming wars — but the celebration may be short-lived as streaming enters a new phase. Analysts can't say for sure how much more subscriber growth Netflix can add through its cheaper ad tier and password-sharing crackdown, though. Plus, Netflix is about to face big competition for ad dollars from Amazon, which will launch ads on Prime Video starting January 29. Also, Big Tech's ability to fund their streaming services indefinitely could keep subscription prices depressed for Netflix, along with everyone else, Bernstein noted. But now that the strikes are over, some analysts predict Netflix will face a bigger content bill going forward.

Persons: Scott Stuber, Forrester, Mike Proulx, Brian Wieser, Evercore, Peacock, Oscar, Ted Sarandos, Netflix isn't, Gen, Bernstein, Jason Bazinet Organizations: Netflix, Business, Disney, Macquarie Research, Paramount, Citigroup Locations: Canada, North America

☆ Netflix is pulling back on movies, adding to Hollywood's woes as a grim box office year looms
▼ + stars: | 2024-01-13 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

The downsizing of Netflix's film ambitions is on pace with a broader contraction at the streamer, which announced 88 fewer original films last year than in 2022. But for some on Wall Street, the right number of Netflix original films just might be zero. Netflix's rise has been a mixed bag for filmWhen Netflix film head Scott Stuber joined the company in 2017, the mandate was quantity. Netflix announced a whopping 232 original films in 2021, according to Ampere Analysis. Netflix's original films started declining in 2022 from the 2021 peak of 232.

Persons: bode, Scott Stuber, Stuber, David Fincher, Ted Sarandos, Ted Hope, Hope, didn't, Variety, Maestro, we're, Netflix's, Kevin Goetz, Michael Pachter, Kasey Moore, LightShed, Goetz, " Goetz, Wedbush's Pachter, Pachter Organizations: Netflix, Business, Ampere, Independent, Variety, Hollywood, Puck News, Apple, LightShed Partners Locations: —

☆ Inside Netflix's growing M&A machine, who's leading it, and what insiders think the streamer could buy next
▼ + stars: | 2023-06-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

It then delved further into M&A to kickstart its games business. And the streamer hasn't completely abandoned its build-from-within strategy, as it also announced plans last fall to build its own gaming studio in Finland. He recently was elevated to the Lstaff, a group of 25 Netflix business heads who debate its biggest initiatives. (Netflix ended up doing a partnership in 2019 with that company, Studio Dragon, and its parent CJ ENM.) But leadership has been steadfast that Netflix's M&A mantra hasn't changed.

Persons: Here's, Reed Hastings, It's, it's, who's, what's, Roald Dahl, Dahl, Peter Rabbit, Spry, Harry Potter, execs, Spencer Wang, Michael Porter, Spencer Neumann, who'd, Neumann, Wang, Greg Peters, Ted Sarandos, Bela Bajaria, Scott Stuber, Mike Verdu, Jay MacDonald, Digiday, Ana Milicevic, Hastings, Sarandos, CJ ENM, Mario Organizations: Netflix, stoke, Paramount, Night School, Spry Fox, Disney, Warner Bros, DC Comics, Digital Capital Advisors, MLB, Surf League, Street Journal, Microsoft, Sparrow Advisers, MGM, Amazon, Mario Bros, Activision Blizzard, Epic Games, UBS Locations: Finland, New Jersey, Hollywood

☆ Meet Netflix's elite 'Lstaff' — the 25 top execs who help make the company's biggest decisions, from its push into advertising to its gaming expansion
▼ + stars: | 2023-06-02 | by ( Lucia Moses | Ashley Rodriguez | ) www.businessinsider.com time to read: +2 min

Netflix has a top team of business leaders who debate and drive the company's biggest decisions. This "Lstaff" includes co-CEOs Greg Peters and Ted Sarandos plus execs leading new areas like gaming and ads. When Netflix is faced with a big, agenda-setting decision, it convenes a special team of business heads to debate the issue at hand. This group, which numbers 25, has helped shape major company moves like its expansion into mobile games and advertising. Scroll down to read about the people on Netflix's Lstaff, listed in alphabetical order, and the perspective each brings.

Persons: Greg Peters, Ted Sarandos, —, Reed Hastings, Bela Bajaria, Scott Stuber, Kim —, Vernā Myers, Jeremi Gorman, Mike Verdu, Spencer Wang Organizations: Netflix, New Zealand Locations: Korea, Japan, Southeast Asia, Australia, New

☆ Netflix insiders applaud new co-CEO Greg Peters, 'the only real visionary' in the C-suite, but scratch their heads over what other exec changes mean for the company
▼ + stars: | 2023-01-20 | by ( Elaine Low | Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +5 min

Netflix's elevation of Greg Peters to co-CEO shows the importance of its advertising sales effort. But Bela Bajaria's rise to content chief has caused some confusion about the future of the TV and film organization. The Netflix veteran now shares the role with current co-CEO Ted Sarandos, as company cofounder Reed Hastings steps down and settles into an executive chairman position. The move made a lot of sense to industry insiders, and even publicly, Netflix had been signaling the ascension for some time. Netflix insiders said Bajaria's new title underscored the importance of TV versus film in the streaming wars.

☆ Netflix founder Reed Hastings is giving up CEO role
▼ + stars: | 2023-01-19 | by ( Rebecca Picciotto | ) www.nbcnews.com time to read: +1 min

Netflix’s Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced along side its earnings report Thursday. Greg Peters, most recently Chief Operating Officer, will assume the post of co-CEO in Hastings’ place. Sarandos was promoted to co-CEO alongside Hastings in July 2020, the same time that Peters was appointed to his COO role. The succession announcement comes alongside the company’s fourth-quarter earnings report. The succession announcement comes alongside the company’s fourth-quarter earnings report.

☆ Netflix founder Reed Hastings is giving up his CEO role
▼ + stars: | 2023-01-19 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Netflix co-founder and CEO, Reed Hastings, is in Sydney to meet with executives of other subscription streaming services, February 25, 2022. Netflix founder Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced alongside its earnings report Thursday. Hastings co-founded Netflix in 1997. Sarandos was promoted to co-CEO alongside Hastings in July 2020, the same time that Peters was appointed to his COO role. Scott Stuber, who was previously the head of global film, will step in as chairman of Netflix Film.

Insider identified 75 of the most powerful execs at the streamer, in an interactive org chart. Product chief Greg Peters took on additional duties as chief operating officer and has since broadened his purview to include gaming. Former PepsiCo exec Sergio Ezama joined in 2021 to become Netflix's chief talent officer. Insider identified 75 of the most powerful executives now at Netflix. They include C-suite executives finance chief Spencer Neumann, as well as business leads like Bajaria and movie boss Scott Stuber.

☆ Ben Affleck says Netflix's 'assembly line' approach to making quality films is
▼ + stars: | 2022-12-04 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —Ben Affleck is sounding off on how movies are being made in today’s age of Netflix and other streaming platforms, which offer an ever-expanding glut of content. “[Netflix’s head of original films] Scott Stuber is a really talented, smart guy who I really like…but it’s an impossible job,” he added. There aren’t enough – you just can’t do it.”Affleck acknowledged that “there’s (a) bigger audience for action movies than there is for small dramas. As seen in Variety, Artists Equity already has a first project in production – a yet-to-be-titled drama about the beginnings of Nike’s incredibly popular Air Jordan sneaker brand. Written and directed by Affleck, the film stars Damon as the executive who landed the endorsement deal for the shoe with Chicago Bulls superstar Michael Jordan.

☆ Ben Affleck says it's an 'impossible job' to make great movies with Netflix's 'assembly-line process'
▼ + stars: | 2022-12-01 | by ( Travis Clark | ) www.businessinsider.com time to read: +4 min

Affleck said it's impossible to make a large number of great movies with Netflix's "assembly-line process." "I would have said, 'How are we going to make 50 great movies? He noted that it's "impossible" to make a lot of great content under an "assembly-line process" like Netflix's, which pumps out hundreds of movies and TV shows a year. "If you ask [Netflix co-CEO] Reed Hastings … I'm sure there's some risk in that, and I'm sure they had a great strategy, but I would have said, 'How are we going to make 50 great movies? The company's content spend has included hundreds of millions of dollars on action movies that it hopes to turn into franchises, such as "Red Notice" and "The Gray Man."

☆ Netflix has an elite 'Lstaff' team of 25 execs who help make the company's biggest decisions. Here are its members, from the streamer's content chief to partnership leads.
▼ + stars: | 2021-09-09 | by ( Ashley Rodriguez | Lucia Moses | ) www.businessinsider.com time to read: +2 min

Netflix has a special team of business leaders who debate and drive the company's biggest decisions. This "Lstaff" helped shape moves like the decisions to open a Canada office and invest capital in Black-led banks. Meet the 25 Netflix execs who make up the Lstaff below. When Netflix is faced with a big, agenda-setting decision, it convenes a special team of business heads to debate the issue at hand. Scroll down to read about the people on Netflix's Lstaff, listed in alphabetical order, and the perspective each brings.

Persons: Netflix execs, —, Ted Sarandos, Greg Peters, Reed Hastings, Bela Bajaria, Scott Stuber, Kim —, Vernā Myers, Jeremi Gorman, Mike Verdu, Spencer Wang Organizations: Netflix, New Zealand Locations: Canada, Black, Korea, Japan, Southeast Asia, Australia, New

Netflix has overhauled key leadership, naming a co-CEO, talent chief, and heads of TV and marketing. Insider identified 71 of the most powerful execs at the streamer, in an interactive org chart. Insider identified the 71 of the most powerful executives now at Netflix, following the recent executive changes. Netflix has many leaders — not all of whom are included here — but the chart below gives an inside look at who to watch in 2021. The executive shuffle came as Netflix's global audience reached 209 million paid subscribers in March, driven mainly by international viewers.

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