Tendo Nagenda Ending Four-Year Run As Senior Netflix Film Exec In Restructure; Read His Memo To Colleagues

deadline.com:

EXCLUSIVE: Tendo Nagenda is leaving Netflix this week. He’ll exit on September 1, a development that came from a move to simplify the structure of the film team.

Under Head of Global Films Scott Stuber, Netflix has been methodically streamlining its executive structure. There will now be one Studio Film team led by Kira Goldberg and Ori Marmur, whose upcoming films include Slumberland, Heart of Stone and The Killer.Nagenda was a fast-rising executive who’d spent over eight years at Disney when he was brought over by Stuber as one of his early major hires.

Nagenda was an important part in Stuber’s shift from steering a film studio whose inventory was made up largely of licensed/third-party films to one that developed projects in-house and secured star-driven packages and quickly turned them into big-budget films.Netflix has been the most nominated studio at the Oscars three years running, and generates a film slate much bigger than any major rival studio.

Given the recent rocky road the company has had in its stock price of late, that high number of annual productions will likely veer to a more selective strategy.