Netflix Chiefs Concede That Slowdown in U.S. Viewing Sparked the Content Leadership Shakeup: ‘We’re Focusing on Execution,’ Ted Sarandos Says — SkimNews
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- Netflix co-CEOs Ted Sarandos and Greg Peters tied slowing U.S. viewing and ad sales to a radical shake-up of the streamer’s content leadership.
- Ted Sarandos said Netflix is “focusing on execution” while speaking with Wall Street analysts on Tuesday after Netflix’s third-quarter earnings release.
Why it matters: The consequential disclosure is that Netflix’s two co-CEOs, Ted Sarandos and Greg Peters, linked both U.S. viewing and ad sales to the content shake-up. The leadership change therefore has an explicitly stated business rationale—two concrete measures were slowing—rather than only an executive reshuffle narrative.
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