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Increasingly, tensions have flared between the L.A.-based executives dedicated to movies and TV shows and its engineers and technicians in Silicon Valley over how best to expand the business and promote content on Netflix.
Netflix releases its third-quarter earnings results after the market closes on Tuesday.
Netflix’s film chief Dan Lin has left the company after the streamer conducted massive layoffs last week. He is the second big executive to leave the company.
Netflix on Thursday said its Chief Content Officer Bela Bajaria is leaving the company and named former Disney executive Peter Rice as her replacement.
While Netflix continues to lead subscription streaming services, the company has continued to face growing scrutiny over how it plans to grow the Los Gatos company in the future.
Netflix plans to lay off employees, according to sources familiar with the streaming company’s plans. The cuts come after investors have expressed concerns over user engagement. The stock has declined 43% compared to a year ago.
Spotify announced that it has renewed its deal with Joe Rogan, who heads the audio company’s most popular podcast.
Funko, the company behind the big-headed Pop! figurines, warned last year of a cash crunch, squeezed by tariffs, canceled retail orders and its own overproduction. A new CEO based in Los Feliz is trying to turn it around.
Netflix scripted chief Jinny Howe must replace ending franchises like “Stranger Things” and “Outer Banks.” Inside her bets on “The Roman,” “The Body” and first-time showrunners.
The Department of Justice requested additional information from Fox about its planned acquisition of Roku, which operates its own ad-supported streaming service and sells hardware such as Internet-connected TV devices.
