3/27/2023 - EMBARGOED TO 2230 TUESDAY MARCH 28 File photo dated 19/03/19 of a stock photo of programme viewing apps, including, amazon video, BBC iPlayer, Netflix, Google Play and youview, as the Government has published new draft legislation which for the first time holds streaming platforms to similar standards as public service broadcasters in order to "level the playing field". (Photo by Nicholas.T.Ansell/PA Images/Alamy Images/Sipa USA) *** US Rights Only ***
Media Bill
Per a statement from Thursday, Netflix is making changes to their film division, and will be making less movies moving forward.
According to the company, this will help centralize the decision-making, but will result in layoffs for quite a few employees, along with several executives. Lisa Nishimura, a 15-year Netflix veteran, will leave the company alongside Ian Bricke, a vice president of the film division and a 10-year employee.
I will be interesting to see the future of the company as other competitors such as Disney continue to increase the number of original content produced each year.
