Netflix film president Scott Stuber will leave the video streaming giant to start his own media company in mid-March, the Los Gatos-based company confirmed Monday.
Stuber, who joined Netflix in 2017, oversaw the streamer's growth in the production and release of original films, making Netflix one of Hollywood's biggest producers in terms of pure volume.
During his tenure, the company had its most popular film of all time, the action film “Red Notice,” as well as critically acclaimed films such as Noah Baumbach's “Marriage Story” and Jane's “The Power of the Dog.” Campion.
“I am proud of what we accomplished and very grateful to all the filmmakers and talent who trusted us to help them tell their stories,” Stuber said in a statement.
Netflix was the most nominated studio from 2020 to 2023 at the Academy Awards. Before joining Netflix, Scott founded Bluegrass Films, which was behind films such as the Universal Pictures comedy “Ted,” and was vice president of worldwide production at Universal.
“Scott has helped lead the new paradigm for how movies are made, distributed and watched,” Netflix co-CEO Ted Sarandos said in a statement. “He attracted incredible creative talent to Netflix, making us a top film studio.”
Over the years, Netflix dove deep into original movies to entice more customers to buy and keep their subscriptions, spending $159 million on Martin Scorsese's crime epic “The Irishman” and nearly $200 million in “The Gray Man”, according to estimates.
The company saw a surge in subscribers during the early days of the pandemic, but then in 2022, it saw subscriber losses in the first half of that year, causing an industry-wide reckoning with the model. streaming business. Netflix has 247 million subscribers worldwide, making it the industry leader in subscription video streaming.
After Stuber leaves in mid-March, chief content officer Bela Bajaria will serve as Netflix's president of movies while it searches for someone to fill the role.
