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Netflix’s Leadership Shake Up…Explained
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Well, I had a simple article planned for this week. Called “Whoa, I Missed It!”, I’d take a gander at a few important-but-under-the-radar stories I didn’t cover while I wrote about all things “Skydance. (Formerly known as “the saga of Netflix trying to buy Warner Bros., but not Discovery, then Paramount-Skydance bought all of Warner Bros. Discovery”.) Alas, that article will have to wait. Netflix made news. Ironically, my “Whoa, I Missed It!” article would have mostly been about “content” strategy decisions, which is also what today’s article is about. But instead of the entire industry, this article will only cover Netflix’s decision to upend their film and TV content teams. Just that! So that’s the full topic of the day. I’m going to tackle the issue in the opposite direction of the way “stuff” flows: uphill. We’ll start at film, then move onto TV, and then onto the CEOs themselves, and the strategy questions that still remain. But we start with the numbers driving this. Let’s dive in. Subscribe Most Important Story of the Week - Netflix Upends Their Corporate Hierarchy I’ve got a lot of thoughts, but we’ll start with the most common response to yesterday’s article. Let’s Talk Stock Price More than one person, responding to what I published two days ago, pointed out that, well, actually, the thing driving Netflix’s actions is this: In short, stock price! Even if Netflix isn’t obsessed with their own share price—they probably are, but, for the record, my strategic advice to every CEO is to absolutely ignore stock prices, which will, ironically, probably help the stock price long-term—most everyone thinks they are. By the way, I prefer market capitalization to stock prices, because it’s a more apples-to-apples way to compare companies: But there’s an even better way to look at it, and it kinda casts some doubt on the entire push here: price-to-earnings. I have a long list of articles that I wish I had written, and chief among them is an article titled, “Am I Still a Netflix ‘Bear’?” meaning someone who thinks Netflix’s stock is overvalued. As of last summer, Netflix had solved their biggest problem—which for me (circa 2019) was the lack of free cash flow—but their stock was CRAZY overvalued. That’s this chart here: Why did Netflix’s stock price increase to a price-to-earnings ratio of 50 last summer? What financial metric changed so quickly? Nothing. Given that, historically, mature entertainment companies average 10 to 20, with 16 being the average, that increase made little sense. Netflix’s stock swoon these last eight or so months wasn’t irrational; the stock price rise last year was. So if you want a really hot Netflix take, here it is: Netflix’s stock price has been going down because the financial industry recovered its senses, not because of any strategic mistake. Yes, that would imply that cleaning house may have been a mistake. That’s why the charts yesterday are so important, because they show that Netflix did have a strategic problem (a lack of hits) and that’s what they moved to address. (One could also argue the industry drastically overrated Netflix’s growth prospects, but that’s a financial industry problem, not a Netflix strategy problem per se. Some growth estimates are just crazy. *cough* AI *cough*) Now, the last time Netflix’s stock price crashed—circa 2022—it gave them an opening. I’d argue Netflix insiders knew they needed to expand post-COVID-19 crisis, adding advertising, cracking down on password sharing, and dabbling in sports. But if they had done that when their stock price was high, it would give folks a reason to second guess their strategy. (Arguably, last year, when Netflix pursued the Warner Bros. merger, it gave the industry a chance to review their business.) Instead, after the 2022 fall, they had the opening to make strategic changes. We may see Netflix pivot again following this latest slide. For example, the “binge versus weekly” conversation is alive and well again. Same for expanding into theaters even more. And adding both linear channels and streaming bundles. And maybe more either social, user-generated, vertical, or creator content. But the first shift came with who is making the content calls. A Message from Our Sponsor Last winter Pulp Fiction was on Netflix. For those same 90 days, it was also free, with ads, on Pluto TV and the Roku Channel. That is not a glitch, and it is not rare. The title has run on 20 different US streaming services since 2019, across 80 separate windows, and for more than 600 of those days it sat on a paid subscription service and a free ad-supported one at the same time. Almost nobody can see this, because when a title leaves a service, the record that it was ever there tends to leave with it. Reelgood keeps that record, dated to the day rather than the month: 4MM+ movie, show and episode titles across 300+ services globally, with timestamped arrivals, departures and moves across SVOD, AVOD, TVOD and vMVPD. Licensing teams price against every prior window. Rights teams check what a licensee actually delivered, and when. Pick a title you think you know: data.reelgood.com/title-availability Film - Dan Lin Want to know why I don’t opine on individual film or TV executives, especially new hires? Dan Lin. As I always caution, it’s really, really, really tough to predict which executives will succeed in new roles and which won’t. The successful head of co-production/finance partner, Rideback, Lin was considered for the head of DC Studios job before taking the job as the head of Netflix. By all accounts at the time, this was a smart hire. (That’s my read of the news coverage anyways.) But now that Netflix has fired Dan Lin, we got a slew of news stories about how he was doing a terrible job. In sports media, Bryan Curtis, new Substack writer/podcaster from The Ringer, calls this the “now you tell us” story, when you only hear the bad news after a star athlete leaves a sports team. In this case, now they tell us that Dan Lin was bad with talent after he got kicked out the door. So was Dan Lin a flop? It’s actually tough to say. While film moves faster than TV, even two years isn’t really enough time to evaluate a person’s output. The new head hasn’t really taken control. As Emily Horgan noted, it takes much longer than two years to produce animated films, so yeah, it’s definitely too early to judge in that domain. As for live-action films, I just published an article by Brandon Katz called “Netflix’s Summer of Bummer”, but I’d point out Netflix had a bad summer two years ago too. Arguably, their best summer came from KPop Demon Hunters last year and Happy Gilmore 2, the latter of which I saw credited to Lin. Then, the stories came out that Dan Lin clashed with talent, both Ben Affleck and Greta Gerwig, classic “now they tell us” factoids to explain his firing. This may have been true, but also should have been expected given that he was given the mandate to bring budgets back in check, especially after Rebel Moon. So if he made folks upset, well, that’s what he was hired to do! But also, he was described as “well-liked” at his hiring! In that case, I’m a bit sympathetic to Lin, since he may have been undercut by senior leadership, as often happens. Basically, a CEO hires a subordinate to be their “bad cop” and keep budgets in check, but then when talent complains, the CEO ends up undercutting them. That’s how I think you end up with a Narnia movie as expensive as any of the other flops, along with a film executive the town no longer likes. As a result, I think that Netflix is now executing a classic “hire the opposite” move by hiring Peter Rice. This phrase comes from my experience following football and basketball coaching decisions, where teams generally hire the opposite of who they just had. If you have an offense-minded head coach, hire the defensive guy. Or in college football, if you have a strong recruiter, then you pivot to an “X’s and Os” type of guy. Or in pro basketball, if you have a very analytically minded coach, you hire the player-friendly guy. I see that here. After dropping Scott Stuber—arguably a talent-friendly executive with lax budget control—Netflix hired the business guy to keep costs in check. Now Netflix is pivoting back to Peter Rice and presumably a more talent-friendly regime. (Disney, by the way, has done this twice: hiring business guys to succeed talent-friendly Bob Iger. It didn’t work out last time.) When it comes to Peter Rice…we’ll see! Maybe he works out, but maybe he doesn’t. I’d actually say the biggest problem is that Netflix still hasn’t solved its “IP Problem”, in that they don’t own much IP, so they just have a lower hit rate. The new executive won’t solve that. (Though buying Lionsgate would help.) Share “Content” - Bela Bajaria I almost published yesterday’s article after this column, but ended up flipping the order, because it told the story so well. So if you want the data for why Netflix is looking at TV to fix their problems, it’s in that article, this graph in particular: I know I just wrote that it’s often hard to judge executives, but Bajaria ran TV for six years and film for three and a half more. That’s more than enough to judge hit rates, and Netflix needs more hits. That’s the story. Since 2023, Netflix hasn’t had as many hit shows as it used to, and many of its previous power house TV shows have ended their runs (Stranger Things most of all). Also, many shows from 2020 to 2022 probably pre-dated Bajaria’s tenure. (That said, one thing may have been outside of Bajaria’s control, which I explain below.) Let’s lump some content strategy thoughts about Netflix and TV into one place: We’re just getting started with this issue, but the rest is for paid subscribers of the Entertainment Strategy Guy, so if you’d like to find out… Why I partially blame Squid Game for Netflix’s latest troubles… What is “the football trap”... Why it might not be the TV shows or films’ fault at all… What change I don’t think Netflix will make... How Bela Bajaria evolved Netflix’s TV strategy in smart ways… Whose departure likely submarined Bajaria’s final few years… One sneaky explanation for Netflix’s content struggles... And a whole lot more... ...please subscribe! We can only keep doing this great work with your support.
Yankees Legend Hideki Matsui Becomes Manager Of Japan's Yomiuri Tigers
New York Yankees World Series MVP Hideki Matsui is the new manager of the Yomiuri Tigers, whom he played for before coming to MLB.
Large businesses’ cybersecurity insurance claims are now less frequent but more expensive
AI-powered attacks and hidden supply-chain weaknesses are making insurers’ work more difficult, according to a new report.
Lamar Jackson Injury Update: Ravens QB’s Week 7 Status Revealed
Lamar Jackson suffered an ankle injury in Week 4, and the two-time NFL MVP left the game in a walking boot. While this was originally reported to be a minor injury, the two-time MVP missed Weeks 5 and 6 and is in danger of missing Week 7 as well. Originally entering the league as a …
MVP MMA On Netflix One And Done?
Ronda Rousey vs. Gina Carano was the first live MMA event to ever feature on Netflix. It may also be the last for quite some time. Jake Paul and Most Valuable Promotions (MVP) intended to disrupt the MMA world with their collaboration with the streaming giant, but Netflix has fallen on hard times. Its stock […]
Chicago Bears spotlight ‘That’s Caring’ in Small Business All-Pros campaign
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Phillies Get Update On Triple Crown MVP Free Agent Target
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Starz Entertainment LLC (STRZ) Restores STARZ on Verizon Fios Under New Distribution Deal
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Rays’ Peralta Reacted to Facing Brewers in World Series
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ALCS MVP Peralta Returning to Face Brewers in World Series
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NBA Predictions 2026-27: Who wins MVP? Rookie of the Year? Our experts make their awards picks
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Bengals Bye Week Awards: Defensive MVP
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“Street Fighter ”clobbers the weekend box office, but Nathan Fielder’s Elizabeth Holmes doc earns MVP
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Google Labs' 'secret society' way of thanking its MVP employees
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Yankees news: The second base conundrum
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International Paper entertains offers for EMEA business
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Get to know: '27 Arkansas baseball commitment CJ Wall
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Terry Bradshaw gives health update, announces he's nearing retirement from broadcasting
The two-time Super Bowl MVP gave a health update in a recent interview and talked about his previous double cancer diagnosis.
Terry Bradshaw gives health update, announces he's nearing retirement from broadcasting
The two-time Super Bowl MVP gave a health update in a recent interview and talked about his previous double cancer diagnosis.
How Unilever tailors AI focus to business outcomes
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More students are ruling out colleges based on politics, poll finds
Art & Science Group found that the share of students who decided against a college based entirely on its home state’s politics rose to 34% this summer.
Does Bryce Young Have a Path to an MVP Season?
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How Ownership and Politics Might Force the Braves to Trade This Star
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Wellcome Global Monitor 2026: Trust in science has declined worldwide, but the picture varies sharply by region
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Seahawks' Jaxon Smith-Njigba falls in latest CBS Sports MVP rankings
Seahawks star Jaxon Smith-Njigba had a quieter performance in Week 4 that saw him slide in CBS Sports’ latest ranking of the NFL’s top MVP candidates.
Caitlin Clark finishes behind surprising rookie in WNBA MVP voting
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Canelo, Connie, And Franny, Oh My!
Jake Paul is a man with options. Unlike all those UFC fighters locked down by impenetrable contracts, “The Problem Child” is a free man. Alongside former UFC executive Nakisa Bidarian, Paul is the co-founder of Most Valuable Fights (MVP), meaning he’s promoting his own fights and has the agency to seek out whatever opponents interest […]
José Ramírez, just in time to save the Guardians' season, has rediscovered his MVP form in ALDS vs. White Sox
A'ja Wilson named WNBA MVP for third consecutive year, fifth time overall as Aces star extends all-time record
CBS Sports ranks Bijan Robinson among early MVP candidates
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Put communities before political parties
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Lamar Jackson Injury Update: Ravens QB’s Week 5 Status Revealed
Lamar Jackson suffered an ankle injury in Week 4, and the two-time NFL MVP left the game in a walking boot. This is obviously worrisome news for Ravens fans across the globe, but it does not appear to be a serious issue. Originally entering the league as a first-round pick in the 2018 NFL Draft, …
Teladoc unveils remote monitoring, ambient AI features
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Lamar Jackson Injury Update: Ravens QB Leaves Game In Boot
Lamar Jackson suffered an ankle injury in Week 4, and the two-time NFL MVP left the game in a walking boot. This is obviously worrisome news for Ravens fans across the globe, but it does not appear to be a serious issue. Originally entering the league as a first-round pick in the 2018 NFL Draft, …
How the Midterms Could Complicate the Supreme Court’s New Term
Even before the justices start their new term on Monday, the court has spent the summer resolving fast-moving requests on election-related disputes.
How the Midterms Could Complicate the Supreme Court’s New Term
Even before the justices start their new term on Monday, the court has spent the summer resolving fast-moving requests on election-related disputes.
Patriots’ HC Raves About Drake Maye Compared to Josh Allen
The New England Patriots needed a response after a lopsided loss. Head coach Mike Vrabel received one from his quarterback against a division heavyweight. New England stunned the previously unbeaten Buffalo Bills 29-26 on Sunday, Oct. 4, and Vrabel placed Drake Maye in the same conversation as reigning NFL MVP Josh Allen afterward. “Gets us […] The post Patriots’ HC Raves About Drake Maye Compared to Josh Allen appeared first on HEAVY.
Josh Allen threw the game away against the Patriots
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3 Questions For Rockets Preseason Opener In Macao
NBA preseason is already underway. Likely MVP candidate Giannis Antetokounmpo has made his unofficial debut for the Miami Heat. Houston Rockets fans will have to wait until Friday, October 9th for their team to play the Dallas Mavericks in Macao. Here are three questions they should look out for when that time comes. 3 Questions …
Lamar Jackson’s Priorities Go Beyond the Box Score
Winning is the only thing on the mind of the two-time MVP
Luka Doncic Had Surprising Answer For Most Improved Laker
The Los Angeles Lakers will need a team effort to have any noteworthy success this season in the loaded Western Conference. Luka Doncic will have to play MVP level, but he also needs all teammates to be at their best this season. Monday’s NBA media day saw the Lakers players answering questions for the first […] The post Luka Doncic Had Surprising Answer For Most Improved Laker appeared first on HEAVY.
Jayson Tatum ready to lead new-look Celtics
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Jalen Green Reveals Offseason Guidance Given via Phoenix Suns Legend
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Mental health stabilization center opens in Upper Darby
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E.l.f. jams to second music album under entertainment marketing arm
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3 business risks of AI-assisted coding executives can’t ignore
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From health research to healthcare
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Dillon Dingler Won’t Blame Fatigue for His Collapse
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'Sense and Sensibility' review: Daisy Edgar-Jones and Esmé Creed-Miles resurrect Jane Austen
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Judge’s Calf Injury Leaves Yankees Without Captain For Wild Card
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Lock In On Thursday Night Football With Our Betting Preview
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John Martin steps down as CEO of MVP-PFL
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Chicago Bears Get Valuable Jalen Hurts Lesson From Titans Star
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Gardner entertainment district
A 335-acre entertainment district could be coming to Gardner.
MLB awards check-in: Front-runners for MVP, Cy Young, Rookie of the Year and Reliever of the Year
Seattle Seahawks Jaxon Smith-Njigba Now In “MVP Discussion”
Seattle Seahawks Jaxon Smith-Njigba now finds himself in the MVP conversation after two outstanding weeks to being the NFL season. Last year, Smith-Njigba won the Offensive Player of the Year after tallying 1829 scrimmage yards and 10 total touchdowns. However, after two games in the 2026 NFL season, Smith-Njigba has 277 yards and 4 touchdowns. […] The post Seattle Seahawks Jaxon Smith-Njigba Now In “MVP Discussion” appeared first on HEAVY.
Patrick Mahomes displays MVP form on SNF
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Cam Schlittler Gets Great Sign For Entering AL MVP Race
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Yankees Send Aaron Judge Back to the Injured List
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Cade Cunningham’s MVP Case Comes Down to Scoring
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Saints vs. Ravens: Quarterback Matchup
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Josh Allen earns Russell Wilson MVP endorsement after torching Texans
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Saints vs. Lions: Game MVP
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Patrick Mahomes returns from knee injury as Kansas City Chiefs storm past Denver Broncos
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Tyler Shough Gets Early MVP Buzz After Torching Lions
The Athletic is floating an idea about Tyler Shough that Lions fans will not love. #Lions
Mahomes Comeback Kicks Off ESPN MNF Coverage
The two-time NFL MVP is completing a remarkable injury recovery.
Yankees' Cam Schlittler For MVP? Aaron Boone Thinks So
Cam Schlittler deserves to be in MVP discussions
HTF MVP WEEK 4 NOMINEES
HENDERSON, Ky. (WEHT) – Vote: https://www.tristatehomepage.com/htf-mvp-voting/#/questions
Breanna Stewart leads Team USA to fifth straight World Cup gold medal with win over France
Stewart led the U.S. with 22 points and 10 rebounds over France, and earned her second World Cup MVP honor.
Former NBA Champion Discredits New Miami Heat's Giannis Antetokounmpo Skills
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How we grade Auburn football against Southern Miss: Report card
How did Auburn football fare against Southern Miss? Here's our grades for offense, defense and special teams, as well as our MVP.
Astros news: Joe Espada provides important Yordan Alvarez injury update
Houston Astros slugger Yordan Alvarez is dealing with an ankle injury concern. Alvarez, a strong American League MVP candidate , is hoping to avoid a lengthy injury absence. While he did not play in Friday night’s 3-1 loss to the Tampa Bay Rays, manager Joe Espada believes Alvarez could return to the lineup on Sunday, via Chandler Rome of The […] The post Astros news: Joe Espada provides important Yordan Alvarez injury update appeared first on ClutchPoints.
Pete Alonso tabbed as Orioles' MVP for obvious reasons
Alonso has been Baltimore's best player in 2026.
A booming business on Wall Street would love more biotechs to quietly die
Once disparaged, reverse mergers have become so popular that some deal experts question whether there are enough quality shell companies to meet the demand.
Dodgers news: Shohei Ohtani hits IL with 16 games left amid injury concerns
The Dodgers have officially placed Shohei Ohtani on the 15-day injured list, manager Dave Roberts confirmed after Wednesday’s 14-1 win over the Reds , ending weeks of speculation over how long the two-time reigning MVP could keep playing through pain . Roberts said the decision came after conversations with Ohtani, doctors and the training staff, […] The post Dodgers news: Shohei Ohtani hits IL with 16 games left amid injury concerns appeared first on ClutchPoints.
Why didn't the Seahawks keep Kenneth Walker III?
The Seahawks spent big to keep their core together -- but that didn't include the reigning Super Bowl MVP.
Spotlight On! Mesquite Entertainment Cares gives back
Justin Moore became CEO of Mesquite Entertainment in June of 2023. In September of 2024, he created the position of team member and community engagement manager, filled by Jami Taylor […]
Jake Paul Teases Michael Page Signing for MVP MMA
Fight promoter Jake Paul teased a potential signing of former UFC fighter Michael Page to the MVP MMA roster.Page completed his six-fight UFC contract with a unanimous decision win over Nursulton Ruziboev at UFC Paris. However, he was heavily criticized by fans for putting on another boring fight, which was not the first time he’s […] The post Jake Paul Teases Michael Page Signing for MVP MMA appeared first on HEAVY.
Ranking Every NFC West Quarterback From Worst to Best
The reigning MVP Matthew Stafford and reigning Super Bowl champion Sam Darnold lead the QB-heavy division.
Three-time MVP Aaron Judge returns to Yankees
BRONX, N.Y. (WIVT/WBGH) – Sticking with the diamond, let’s move up to the major leagues where the Yankees are set to welcome back the captain tonight. Aaron Judge is making his return in the pinstripes tonight. No. 99 ironically had a 99-day absence after he suffered a broken rib. The three-time AL MVP missed 84 […]
From science to screen time: 4 key takeaways from the latest PISA results
Amid reading declines that included a 14-point drop for the U.S., researchers are looking at the role digital learning and AI may have played.