Video streaming service Netflix Inc (NASDAQ:NFLX) is restructuring its film group, which will result in layoffs and the departure of two of its most experienced executives, Bloomberg reported on Thursday. As part of the restructuring, Netflix will combine small and midsize picture productions units, resulting in a few job cuts, and scale back the company’s output to ensure high quality titles, the report said. It will also centralize decision making of different divisions. Lisa Nishimura, responsible for documentaries and smaller-budget films, and Ian Bricke, a vice president in the film group, will be leaving after more than a decade with the company, the report added. Netflix did not immediately respond to a Reuters request for comment. The company added about 7.6 million subscribers in the fourth quarter of 2022, after bleeding subscribers in the first half as rivals such as Paramount+ and Disney+ raked in viewers. But average revenue per membership declined across regions in the last three months of 2022.
-
Business / Certification / India / News
Excellence Iconic Awards: Celebrating Remarkable Achievements.
July 18, 2023
-
Business / Certification / India / News
Excellence Iconic Awards: Celebrating Remarkable Achievements.
July 18, 2023
-
celebrities says:Fabulous, what a blog it is! This website gives helpful data...
-
Denis Hemanes says:
- Best Forex Trader in India BSE Business Market Commodities Companies Coronavirus Covid-19 currencies Delhi Diesel Dollar Economic Economy expected Federal Reserve Forex Forex Trading with Capital Sands GDP Gold Government India Inflation International manufacturing Market News Nifty NSE Oil Petrol PM Modi Production RBI Russia Sensex statement Stock Stock Market Trading Trading with Capital Sands U.S. Ukraine US Vaccine World