Netflix Chiefs Concede That Slowdown in U.S. Viewing Sparked the Content Leadership Shakeup: ‘We’re Focusing on Execution,’ Ted Sarandos Says

Netflix co-CEOs Ted Sarandos and Greg Peters nodded to slowdown in U.S. viewing and ad sales that spurred the radical shake-up of the streamer’s content leadership during Tuesday’s conversation with Wall Street analysts after its third-quarter earnings release. Sarandos and Peters had to address the situation that led to the dramatic decision to oust chief […] Netflix co-CEOs Ted Sarandos and Greg Peters conceded that a slowdown in U.S. viewing and ad sales spurred the ousters of Bela Bajaria and Dan Lin. Netflix co-CEOs Ted Sarandos and Greg Peters nodded to slowdown in U.S. viewing and ad sales that spurred the radical shake-up of the streamer’s content leadership during Tuesday’s conversation with Wall Street analysts after its third-quarter earnings release.

Sarandos and Peters had to address the situation that led to the dramatic decision to oust chief content officer Bela Bajaria and film chief Dan Lin. Former Fox and Disney executive Peter Rice was appointed Oct. 15 as Bajaria’s successor, starting next week. Peters emphasized that “the quality, quantity and variety of viewing remains healthy and it drives our business model. And the best evidence that we’ve got that we’re delivering that value is churn. We’ve got healthy retention in every region,”