Departing Netflix Film Chief Scott Stuber Deserves “A Lot Of Credit” For “What He Built”, CFO Spencer Neumann Says
deadline.comNetflix CFO Spencer Neumann gave Scott Stuber a shoutout when discussing the state of the streaming giant’s film operation, saying the exec deserves “a lot of credit” for “what he built.” In an appearance Monday at the Morgan Stanley Tech, Media & Telecom Conference, Neumann was asked about the state of the company’s film efforts in light of the executive turnover.
Stuber is leaving this month after nearly seven years to start his own media company. Dan Lin, a producer and exec known for his involvement with hits like The Lego Movie and the It franchise, is coming aboard in a top film role, reporting to Chief Content Officer Bela Bajaria.
Execs are “feeling really good about the film business,” Neumann said, though he noted that “it’s very difficult to ascribe a specific ROI on a specific genre or title of content in our subscription bundle.” Film has “come a long way for us,” Neumann said, “and a lot of credit to Scott, for what he built over the last years, in terms of the quality and level of talent that we work with.” Making original films has been a “nice success for us,” he said. “The return on investment is very similar to our other content categories.
It’s a very important element of the entertainment that we deliver to our members.” With Lin in the fold, “we’re excited to take it to the next level,” Neumann said. “Just like with everything we do, we’re trying to continuously improve.
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