Ashton_1nvests
Oct 16, 3:33 AM
Some pretty interesting developments at
$NFLX right before earnings…
After announcing layoffs affecting roughly 1,000 employees yesterday, Netflix is now replacing its Chief Content Officer, Bela Bajaria, with former Disney executive Peter Rice.
He officially takes over October 26.
I think these changes could be a positive for the business long term.
Netflix is clearly rethinking how it allocates resources, and with competition for viewers only getting tougher, a fresh direction for its content strategy could be exactly what it needs.
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