Peter Rice has joined Skydance as co-chief executive alongside David Ellison. Rice previously worked at Netflix, where he was hired before the company underwent significant leadership changes.
Skydance is appointing Casey Bloys to oversee all streaming operations. Cindy Holland was removed from her position at Skydance.
Netflix recently dismissed Bela Bajaria from her role. Bajaria learned of her termination on Wednesday evening.
The executive confronted Ted Sarandos before the premiere of the third season of "Nobody Wants This" to hear the news. Bajaria, who received the Vanguard Award for her global marketplace contributions, declined to comment on the move.
Netflix implemented a workforce reduction of 6 percent, affecting approximately 1,000 positions. Jinny Howe assumed the role of U.S. and Canada scripted head in August 2025.
The streaming service plans to release Greta Gerwig’s "Narnia: The Magician’s Nephew" in February 2027. Netflix is scheduled to report its third-quarter earnings on 20 October 2026.
The company will also spin out NBCUniversal from Comcast next year. Dan Lin has spent 2.5 years in the film operations department at Netflix.
Rice noted the necessity of producing more buzzy hits for the "UCAN" market. A prominent agent remarked, "We don’t live in Hollywood right now. We live in Silicon Valley."
