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Netflix trims films, bets on leaner hits

New York Times Business •
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Netflix film chief Dan Lin has steered the streamer toward fewer, higher‑budget titles, abandoning the lavish spend of his predecessor. The new model debuted with the survival thriller Apex, starring Charlize Theron, which premiered in April and attracted more than 100 million views in its first month. Lin’s focus on realistic action aims to boost subscriber retention and to keep its global audience hooked.

Lin replaced studio veteran Scott Stuber in April 2024, reporting to chief content officer Bela Bajaria rather than co‑CEO Ted Sarandos. He applies data‑driven budgeting, refusing to inflate costs even for star‑powered projects, and trims marketing spend to match projected viewership. Under his blunt style, Netflix now greenlights more movies than any rival studio while keeping production spend tightly calibrated.

The disciplined approach has paid off: Apex topped Netflix’s internal rankings, and the cost‑conscious slate supports margins as subscriber growth slows. Investors see the shift as a hedge against blockbuster risk, while Hollywood adapts to a streaming‑first buying model. The model also frees capital for original series, reinforcing Netflix’s broader growth strategy and proving leaner budgets can generate content.