Netflix Restructures Film Group as It Scales Back Movie Output
- Streamer will consolidate a couple divisions that make films
- The company has vowed to make fewer but better movies
This article is for subscribers only.
Netflix Inc. is restructuring its film group to make fewer movies each year and centralize decision-making, the company said Thursday.
Netflix will combine units that produce small and midsize pictures, a change that will result in a handful of layoffs and the departure of two of its most experienced executives. Lisa Nishimura, who led Netflix into standup comedy and original documentaries, will depart after more than 15 years at the company. She is presently responsible for documentaries and smaller-budget films.