BusinessPhoto: NDTV MoviesNetflix Appoints Peter Rice as Chief Creative Officer Amid Growth Challenges
Netflix is replacing chief creative officer Bela Bajaria with Peter Rice, a veteran TV and film executive, starting October 26. Rice, formerly chairman of general entertainment at Walt Disney and president of 21st Century Fox, will oversee scripted and unscripted series, films, and live events globally. This change, alongside layoffs of 1,000 employees, aims to reverse Netflix's slowing subscriber growth and revenue decline.
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