Management upheaval at Netflix continued Monday as the streamer’s head of films Dan Lin exited, according to two people familiar with the matter who declined to be named.
Lin was appointed to the position in February 2024 and was tasked with making fewer, better and bigger movies. During his tenure, Netflix rolled out movies including crime thriller “The Rip,” starring Ben Affleck and Matt Damon and animated hit “KPop Demon Hunters.” His exit arrives as Netflix is going to release highly anticipated movies in theaters in the coming months including David Fincher-directed “The Mis-Adventures of Cliff Booth” starring Brad Pitt in November and Greta Gerwig-directed “Narnia: The Magician’s Nephew next year.
Netflix did not have an immediate response to a request for comment.
Lin’s exit followed massive layoffs at Netflix that began last week, trimming 6% of staff or roughly 1,000 people. Netflix last Thursday announced the company’s Chief Content Officer Bela Bajaria was no longer at the streamer and named her replacement, Peter Rice, a former chairman of Walt Disney Television and chairman of general entertainment for The Walt Disney Co.
After Bajaria was pushed out, many people in the industry expected Lin would be next, according to sources who declined to be named.
Rice will also oversee the film team until a new film head is announced.
Analysts and investors have raised concerns about Netflix’s growth. In the first half of 2026, hours watched on Netflix increased 2% compared to a year earlier, according to the streamer. Investors had hoped for more robust growth, given that the streamer increased its content budget 11% to $20 billion.
Netflix is profitable and continues to grow its revenue. But analysts say the streamer hasn’t had enough big hits recently and are skeptical about Netflix‘s ability to increase prices and grow its subscriber base if it doesn’t have enough popular content.
Netflix stock has dropped 42% compared to a year ago. By mid-morning on Monday, shares were trading at $69.53, down 1%.
In a note to staff about Bajaria’s exit, Netflix Co-CEO Ted Sarandos wrote that he saw an opportunity to take the streamer’s slate to the “next level” especially in the United States and Canada market, “where we have an outsize impact in creating big, buzzy hits that our members love and drive conversation around the world.”
Lin’s role was controversial in Hollywood, as he was named to the role after former Netflix film chief Scott Stuber left. Under Stuber’s leadership, Netflix ramped up its movie production and produced big budget films including 2022‘s “The Gray Man” starring Ryan Gosling but is not ranked in Netflix’s top 10 films of all time. “The Gray Man” cost nearly $200 million to make and at the time was Netflix’s most expensive movie, according to the New York Times.
Lin’s directive to be more budget conscious also irked some people in the industry.
While films released during his tenure including the animated film “Swapped,” as well as action films “Carry-On” and “Back in Action” made Netflix’s top 10 most-watched films list, based on views at the time of their debut, some of his other films were not as successful, analysts said.
Brandon Katz, director of insights and content strategy at Greenlight Analytics, said Netflix’s five most-watched English-language scripted summer movie releases in their first eight weeks posted the lowest average hours watched compared with the streamer’s top five summer releases in 2025, 2024 and 2023, citing Nielsen data.
Analysts and investors are eagerly anticipating Netflix’s third quarter earnings results Tuesday, as executives are expected to address how they plan to move the company forward.
This is a developing story.
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