Netflix: restructuring of its film business and departure of two experienced executives – 03/31/2023 at 14:34


(AOF) – According to Bloomberg, Netflix is ​​in the process of restructuring its film group. The streaming giant plans to cut production to ensure high-quality titles. This change will lead to layoffs and the departure of two of its most experienced executives. Lisa Nishimura, who led Netflix in stand-up comedy and original documentaries, will leave after more than 15 years with the company. Ian Bricke, vice president in the cinema business, will do the same.

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Sector analysis Communication and Media

French players well positioned in audiovisual production

Among the independent players, the Frenchman Banijay is the world leader with an expected turnover of 3 billion euros in 2022 in a market which represents 100 billion in revenue. Mediawan (backed by the KKR fund), whose turnover amounts to 1 billion euros, is the other main French player in the sector. The market is still very fragmented because according to the European Audiovisual Observatory, the top twenty production groups were responsible for only 38% of titles created in 2020. However, experts believe that the sector has entered a phase consolidation. Thus Banijay’s stock market listing aims to enable it to better participate in this movement.



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