Netflix Content Chief Bela Bajaria Steps Down; Peter Rice Set to Succeed Her
Bela Bajaria has resigned as Netflix's chief content officer, a departure that comes as the media industry faces mounting pressures. During her tenure she managed an annual content budget of nearly $20 billion and expanded the streamer's international programming. Declining audience engagement across the sector has pushed streaming companies to rethink their approach. Peter Rice, who previously worked at Disney and Fox, is slated to take over the role and guide the company through this change.
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