Netflix film division boss to exit in second senior departure in a week
Peter Rice will oversee film as Netflix trims costs and responds to slower engagement and a 40% stock drop, sources said.
- Netflix Film Chief Dan Lin was dismissed over the weekend as part of a major creative restructuring at the streamer, sources tell Variety.
- The leadership change follows Netflix's dismissal of roughly 1,000 employees last week, about 6 per cent of its ranks, amid stock price decline exceeding 40% in 2026.
- Hired in 2024 to replace Scott Stuber, Lin implemented a genre-based strategy and resisted theatrical-first releases, producing hits including "The Rip" and "War Machine."
- Netflix replaced Chief Content Officer Bela Bajaria on Thursday with Fox and Disney veteran Peter Rice, who will focus on "creating big, buzzy hits," Sarandos wrote.
- Wall Street remains concerned as Netflix's television viewing share declined against YouTube, with the company needing to prove slower engagement does not impair revenue growth.
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The streaming industry is going through a moment of accelerated recalibration with which Netflix has experienced an unprecedented corporate earthquake. Dan Lin’s fulminant departure, which occupied the direction of the company’s film division, has exposed a tense cultural and ideological battle at the heart of the platform. ... Continue reading “Netflix’s internal war: disagreements with Greta Gerwig’s ‘Narnia’ trigger the firing of the film man…
The Independent
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Netflix has removed film chief Dan Lin days after cutting about 1,000 jobs and announcing Bela Bajaria's departure, with Peter Rice set to oversee content operations temporarily.
Feud with Ben Affleck key to Netflix boss' firing: ‘I’m not talking to them anymore'
Ben Affleck may have played an even bigger role in film boss Dan Lin being shown the door at Netflix, as intrigue spikes over who will take over new roles at the streamer, as well as Warner Bros.
In a sign of strategic change, Netflix fired two heavyweights in the area of content and cinema.
Shortly before the quarterly report, the streaming service Netflix deleted 1000 jobs and fired the successful content manager Bela Bajaria, then the film manager Dan Lin. Can this save the share price?
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