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Netflix to Restructure Management and Expand 2027 Theatrical Releases

CNBC ·

NFLX Netflix Inc
$65.04 -5.31%
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  1. 1Netflix shares have fallen approximately 30% since January.
  2. 2Netflix plans to release 30 titles in theaters in 2027.
  3. 3Netflix has laid off approximately 1,000 employees.

So what's the key point?

Netflix is letting go of 1,000 employees and plans to show more movies in theaters in 2027. The company is making new plans while its stock price has dropped by about 30 percent.

Source CNBC · View original ↗

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