Netflix Inc. is set to lose its chief of film, Scott Stuber, as he revealed this departure plans to start his own company. He will be leaving the world’s leading streaming service provider, and this was confirmed on Monday, Jan. 22.
Stuber has been credited for helping Netflix succeed in the business. He is said to have also played a role in paving the way for the entertainment industry to enter the streaming era.
Stuber’s Work for Netflix
As per The New York Times, the reports of Stuber’s departure from Netflix Film came out on the eve of the Oscar nominations. It was mentioned that under his leadership, which started in 2017, the company successfully pushed eight films to be included in the best picture category.
Then again, although being nominated is already a big honor, a win would have made the experience even more fulfilling. Netflix failed to garner a Best Picture trophy at the Oscars, but its entries are still considered the best.
Stuber brought Oscar-winning filmmakers such as Martin Scorsese, Jane Campion, Spike Lee, and Alfonso Cuarón to Netflix, which is already a huge achievement. Netflix’s Oscar nominations include films from 2020, 2021, and 2022, and the entries were Mr. Scorsese’s “The Irishman,” Mr. Cuarón’s “Roma,” and Ms. Campion’s “The Power of the Dog.”
Stuber Expressed Gratefulness to Netflix
“Scott has helped lead the new paradigm of how movies are made, distributed and watched,” Netflix’s co-chief executive, Ted Sarandos, said in a statement. “He attracted unbelievable creative talent to Netflix, making us a premiere film studio.”
On the other hand, The Hollywood Reporter quoted Stuber as saying, “Seven years ago, Reed and Ted offered me the amazing opportunity to join Netflix and create a new home for original movies. I am proud of what we accomplished and am so grateful to all the filmmakers and talent who trusted us to help tell their stories. Thank you to Ted, Reed, Greg, Bela and the entire team, and I look forward to continuing to work with them in the future.”
Photo by: Venti Views/Unsplash


MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy
OpenAI Explores Massive Funding Round at $750 Billion Valuation
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools
Shell M&A Chief Exits After BP Takeover Proposal Rejected
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 



