Netflix co-CEOs Ted Sarandos and Greg Peters assured investors this week that they have nothing to be concerned about. Sure, the company was going to lay off 1,000 employees, downsizing its product, tech, and legal departments, and was ousting its chief content officer, film chairman, and film vice president. But it had also hired a […]
It remains to be seen if people really want to watch vertical content on horizontal TV screens, but many filmmakers and creators were confident that their latest projects would play well at Alza – New York City’s first microdrama film festival. Founded by former Tribeca Festival chief operating officer Pete Torres, Alza, which took place […]
Netflix expects lower fourth-quarter profit than Wall Street forecast and has cut its annual advertising revenue target. The streaming company reported its third-quarter results on Tuesday, October 20, and its shares fell almost 6% in after-hours tradi…
Before you share the Netflix documentary “AI Gone Rogue” take note. Clem Delangue, Hugging Face’s co-founder who is featured in the film, says it went “full doomer mode” and isn’t accurate.
Netflix is making monetization a top priority amid reports of falling viewing time. As part of its third-quarter earnings report on Tuesday, Netflix lists improvements to monetization as one of its main focuses going forward, alongside efforts to boost entertainment value and leverage new technology. The streaming giant doesn’t say exactly how it plans to […]
Netflix will report its third-quarter results on Tuesday, October 20, as investors look for signs that viewers are spending less time on the service. Analysts expect revenue to rise 11.8% to $12.87bn, up from about $11.5bn a year earlier, according to …
Netflix has named Peter Rice, the former chairman of Walt Disney Television, as its chief content officer. The company announced the move on Thursday. Rice will run its global content organisation, from scripted and unscripted series to film and live e…
Following a report last week that Netflix was planning to lay off five percent of the company, today the streamer’s co-CEOs Ted Sarandos and Greg Peters announced in an email that it would actually be laying off six percent of its workforce, or around 1,000 employees, according to Variety, which obtained a copy of the […]
Netflix said most of the cuts would affect its product, tech, legal, and human resources departments.
Netflix is preparing to cut about 5% of its workforce, with an announcement possible as early as next week, Puck reported on Friday, citing people familiar with the plans. Netflix had about 16,000 full-time employees at the end of last year, so a cut o…