Greg Peters

Money Moves

Called the layoffs a hard trade-off for long-term growth

Netflix is cutting about 1,000 jobs, roughly 6% of its staff, and has replaced content chief Bela Bajaria with Peter Rice, the former Disney and Fox executive who now oversees a content budget of about $20 billion. Film chief Dan Lin also left, and the company told employees the cuts were part of an internal plan it called Project Meridian, according to the Wall Street Journal.

Updated Oct 22

Money Moves

As of October 2026: Netflix withdrew from WBD bidding in February 2026, collecting a $2.8B breakup fee; Netflix stock rose about 10% on the news

On October 6, Paramount Skydance completed its $110 billion acquisition of Warner Bros. Discovery, creating a combined company named Skydance and ending a 13-month bidding war that survived federal and state antitrust challenges. The deal closed after a federal judge approved a settlement with 12 states on September 30, and shares of Skydance began trading on the NYSE under the ticker SKYD.

Updated Oct 9

Money Moves

As of July 2026: Co-leading the company through its ad push

Netflix reported second-quarter results on July 16, 2026, and pointed investors at one number: advertising. The company said its ad business should nearly double this year, approaching a $3 billion annual run-rate.

Updated Jul 16

Money Moves

As of May 2026: Leads integration and financial execution of the transaction

On December 5, 2025, Netflix announced a definitive deal to acquire Warner Bros.' film and television studios and streaming businesses, including HBO and HBO Max, valued at $72 billion in equity and $82.7 billion including debt. On January 20, 2026, the parties amended to an all-cash structure at $27.75 per share, with a shareholder vote expected by April 2026.

Updated May 10

Money Moves

As of May 2026: Now publicly leading deal-certainty messaging against Paramount’s tender offer; Netflix says HSR materials have been submitted.

After Netflix and Warner Bros. Discovery announced their $72 billion equity-value agreement on December 5, the transaction quickly became a live bidding contest and a regulatory test case. On December 8, Paramount Skydance launched an unsolicited all-cash tender offer at $30 per share to derail the Netflix deal and keep WBD intact, including networks slated for its Discovery Global spin-off. Within days, Netflix began a coordinated shareholder push backing its signed merger agreement and emphasizing regulatory execution, while WBD prepared formal filings to respond to the tender offer.

Updated May 9