Ted Sarandos Addresses Netflix Content Exec Purge: ‘I Know That We Could Do Better’

Ted Sarandos Addresses Netflix Content Exec Purge: ‘I Know That We Could Do Better’ hakkında magazin dünyasında yaşanan en son ayrıntılar ve sıcak gelişmeler netleşti. Oct 20, 2026 2:01pm PT Ted Sarandos Addresses Netflix Content Exec Purge: ‘I Know That We Could Do Better’ By Todd Spangler Plus Icon Todd Spangler NY Digital Editor xpangler Latest Netflix Q3 Revenue Meets Wall Street Estimates, Q4 Earnings Will Be Crimped by Costs Associated With Mass Layoffs 50 minutes ago Robert Downey Jr. Signs On as Pitchman for Snap’s $2,200 Specs AR Glasses 2 hours ago Lionsgate Stock Jumps on Report Legendary Entertainment Has Submitted New Takeover Offer 3 hours ago See All Add us as a Google Preferred Source Comments Netflix , looking to boost its viewing engagement as revenue growth cools off, made a major overhaul of its executive leadership overseeing content.

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Last 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 .

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Related Stories Pedro Pascal in ‘Behemoth!’: The Oscar-Worthy Role That He (and Latinos) Have Been Waiting For Anne Hathaway Would Rather Have Another Knicks Championship Over a Second Oscar On the streamer’s Q3 2026 earnings call, co-CEO Ted Sarandos — who had led Netflix’s content operations for over 20 years — explained the decision to install a new team overseeing its programming lineup. Popular on Variety “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.

Sarandos 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 the hard work of building this incredible international team, who’s been making local content around the world, which has become a great competitive differentiator for us over the last decade.” That said, Sarandos continued, “Now we’ve seen an opportunity to take our slate to the next level, especially in the U.S. where we can have an outsized impact when we create a big buzzy show that members love and talk about all over the world.” About Rice, a former Disney and 21st Century Fox television exec, Sarandos said, he has known Rice for about 15 years.

“And I’ve got to tell you the outpouring of excitement for him about him coming to Netflix from across the industry and from the creative community has been nothing short of overwhelming. He’s one of the really rare people in the industry who’s led TV networks, movie studios, streaming services,” Sarandos said.

“His creative instinct and his business acumen are remarkable. He’s really an at-scale quality and volume operator, and he does it across every imaginable form of entertainment.

You know, network, prestige cable, streaming, theatrical and TV films, and live sports.” In addition, Sarandos said, “most importantly… Peter Rice understands talent relations, and in a competitive market, creative talent have choices of where they want to work, and we want Netflix to always be the place that they love to do the best work of their life. Peter is the exact right person to lead those efforts in the U.S.

and around the world. Now, that’s a key aspect of what I believe Peter can improve on looking forward.” Jump to Comments More from Variety George Clooney Calls Out ‘Authoritarians’ and ‘People Who Peddle in Fea

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