Desi Bela Bajaria leaves Netflix after giving global blockbusters

Bela Bajaria has stepped down from her role as chief content officer at Netflix amid significant challenges in the media landscape. She oversaw an impressive annual budget of almost $20 billion while bolstering Netflix's international content strategy. With a decline in audience engagement highlighting the industry's evolution, the streaming giant is poised for a transformative approach. Peter Rice, formerly of Disney and Fox, is set to take the helm.