Peter Rice

Money Moves

Running global content and overseeing film

Netflix is cutting about 1,000 jobs, roughly 6% of its staff, and has replaced content chief Bela Bajaria with Peter Rice, the former Disney and Fox executive who now oversees a content budget of about $20 billion. Film chief Dan Lin also left, and the company told employees the cuts were part of an internal plan it called Project Meridian, according to the Wall Street Journal.

Updated Oct 22