Netflix films chief Stuber to depart, start own firm

Date:

Jan 22 (Reuters) – Netflix (NFLX.O), opens new tab said on Monday that Scott Stuber, head of films, will leave the streaming service pioneer in March to start his own media company.

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No replacement was identified. Stuber, who joined the company in 2017 to expand its slate of original films, was named the chairman of Netflix Film in January 2023.

The former Universal Studios executive used his ties to the creative community to forge relationships with such top filmmakers as Alfonso Cuarón, Spike Lee, Greta Gerwig, Rian Johnson, Jane Campion and Martin Scorsese.

Under his leadership, Netflix become the studio most nominated for Academy Awards for three consecutive years, from 2020 through 2022, and garnered eight best picture nominations, including “The Irishman,” “Roma” and “The Power of the Dog.”

Stuber guided Netflix to place big bets on its talent, committing $450 million to secure two “Knives Out” sequels from Johnson and a reported $200 million on the action film “The Gray Man,” from the Russo Bros.

Stuber’s new venture will also produce projects for Netflix, according to a Bloomberg News report.

“I hope to find new ways to continue to work together,” said Chief Content Officer Bela Bajaria.

Netflix is scheduled to report fourth-quarter results after the bell on Tuesday.

Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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