In the latest news in a tumultuous cycle for Netflix, it is understood that Dan Lin is leaving the streamer nearly three years after he joined as chairman of film.
Netflix had not responded for comment at time of writing. Lin’s departure had been expected and according to sources took place over the weekend. It follows last week’s shuffle that sees Peter Rice replace Bela Bajaria as chief content officer.
Under his tenure, Lin oversaw the release of KPop Demon Hunters, which is the streamer’s most-watched film of all time and won two Oscars this year. That film was greenlit by Lin’s predecessor Scott Stuber.
It remains to be seen how the film culture will change at the streamer since it moved away from the higher-quality tastemaker fare championed by Stuber. Among other senior executives on the way out are Lin’s co-head of film Doug Belgrad.
Netflix is laying off 6% of its workforce in the company’s biggest staff cull. Co-CEOs Ted Sarandos and Greg Peters will join senior executives to report Q3 earnings on Tuesday. The company’s stock was trading at around $69.62 on Monday late morning, down just over 1%.
More to follow…
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