Netflix names ex-Disney TV chair Peter Rice content chief
The move comes in a week that saw the streaming TV giant lay off some 1,000 workers
Netflix has appointed Peter Rice as their new content chief, replacing Bela Bajaria. This announcement comes just a week after the streaming giant announced the layoffs of approximately 1,000 employees. Rice has previously overseen entertainment divisions at both 21st Century Fox and Walt Disney. In a statement to Bloomberg News, Netflix co-CEO Ted Sarandos revealed that the company is not experiencing the growth he had anticipated.
Recent Netflix series have shown a decline in audience numbers during their second seasons. Moreover, the platform has seen a ten-year low in Emmy Awards wins this year. Additionally, Netflix's stock has decreased by approximately 23 percent this year.
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