Co-CEO says about incoming content chief Peter Rice that 'most importantly' he 'understands talent relations'
\n\nNetflix, looking to boost its viewing engagement as revenue growth cools off, made a major overhaul of its executive leadership overseeing content.
\n\nLast week, amid its layoff of 1,000 employees, Netflix ousted chief content officer Bela Bajaria and has tapped veteran TV exec Peter Rice to replace her. The company also let go head of film Dan Lin and his top lieutenant, Doug Belgrad, as well as director of original series Carolina Garcia.
\n\nOn the streamer’s Q3 2026 earnings call, co-CEO Ted Sarandos — who had previously led Netflix’s content operations for over 20 years — explained the decision to install a new team overseeing its programming lineup led by Rice.
\n\n“I know that we could do better, and we want to build on that momentum,” Sarandos said, when asked about the leadership change on the content side.
\n\nSarandos started by praising Bajaria “for all of her incredible contributions to Netflix. Bela had an incredible decade-long run here. She put a lot of great hits on the board. She led the teams through a lot of expansions of new types of content. She also did…
Original source: https://variety.com/