Netflix announced the departure of Chief Content Officer Bela Bajaria after 10 years, alongside layoffs of 1,000 staff amid declining viewership. Bajaria oversaw a $20 billion content budget and helped launch hits like "Squid Game" and "Wednesday," but recent struggles to find new hits prompted leadership changes. Peter Rice, formerly of 21st Century Fox and Disney, will succeed her. The company also faced a costly failed bid to acquire Warner Bros. Discovery, contributing to a 40% stock drop over the past year.
Netflix shares rose 2.21% to USD 72.13 on Pluang as of Oct 16, 2026, 08:01 WIB, despite recent leadership changes and layoffs. The stock remains far below its 52-week high of USD 124.13. Trading volume was nearly 40 million, with 85% of orders to sell, reflecting cautious investor sentiment.
Netflix announced that Peter Rice, a former Disney executive, will replace Bela Bajaria as the company's chief content officer starting October 26. Bajaria, who has been with Netflix for nearly 10 years, focused recently on live sports strategy. Rice...
Skydance stock recovered 5% after a recent selloff caused by a warrant adjustment that separated warrant value from its share price. The drop initially appeared as a selloff but was due to Skydance distributing warrants to certain shareholders, which...
Jefferies analyst John Colantuoni has initiated coverage on Netflix with a "Buy" rating and set a price target of $85 per share, suggesting a potential 20.4% increase from the current trading price of $70.57. This move comes just days before Netflix'...
Jefferies initiated coverage of Netflix with a Buy rating and set a price target of $85, implying over 20% upside from the current price. The firm highlights growth potential driven by higher subscription prices, expanding advertising revenue, and im...
Netflix is set to cut approximately 1,000 jobs, about 6% of its workforce, mainly in product, technology, legal, and HR departments. This move comes as the company faces growing competition and invests in new areas like advertising, live programming,...
