Netflix Chief Content Officer Bela Bajaria is leaving, will be replaced by Peter Rice
Netflix announced Bela Bajaria will be replaced by former Disney exec Peter Rice as the company's chief content officer.
TL;DR
- Peter Rice, former Disney executive, will become Netflix's new Chief Content Officer on October 26.
- Rice will replace Bela Bajaria, who is departing after nearly 10 years with the company.
- Rice's responsibilities will include overseeing scripted and unscripted series, film, and live events.
- The announcement follows Netflix's recent workforce reduction of approximately 1,000 employees.
- Netflix shares have seen a decline of over 20% this year.