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Netflix's $20 billion budget grew 11% while viewing grew 2%

Peter Rice will oversee Netflix's film team until a new head is named, after a year when its content budget rose eleven percent to twenty billion dollars.

▶ As it aired · Pop Culture

Watch it as it aired: Hank Ledger on this story, from BBN Tonight at 6:55 PM ET. Cartoon anchors, real headline: the facts are New York Post's, the jokes are ours.

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What BBN said about it

  1. Hank Ledger · Lead AnchorNetflix has let go of film chief Dan Lin a week before Peter Rice starts as chief content officer, and the Los Angeles Times reports about a thousand layoffs the week before.

  2. Hank Ledger · Lead AnchorOctavia Lindqvist-Shaw represents interests on both sides. Who is your client tonight?

  3. Octavia Lindqvist-ShawOn behalf of my client, the departing executive, I can say he is thrilled.

  4. Octavia Lindqvist-ShawAnd on behalf of my client, the incoming leadership, I can say we are thrilled too. I crack a pistachio when I'm thrilled.

  5. Hank Ledger · Lead AnchorTwo clients. One's moving into the office, and the other's carrying his box out of it.

  6. Octavia Lindqvist-ShawBoth can be true. On behalf of my client, the studio, the budget rose eleven percent to twenty billion dollars.

  7. Octavia Lindqvist-ShawOn behalf of my client, the audience, hours watched rose two percent. They are very close.

  8. Hank Ledger · Lead AnchorNine percentage points apart. And Lin was hired to make fewer, better, bigger movies.

  9. Octavia Lindqvist-ShawAnd he is leaving with Narnia on his slate, which reportedly costs two hundred eighty million dollars. Bigger, as instructed.

  10. Octavia Lindqvist-ShawOn behalf of my client, the Narnia people, that is a compliment.

  11. Hank Ledger · Lead AnchorSo he did what he was told, and he's out.

  12. Octavia Lindqvist-ShawPeter Rice will oversee the film team until a new head is named.

  13. Octavia Lindqvist-ShawI can't say who, but I can say my phone has been very warm.

  14. Hank Ledger · Lead AnchorWho do you represent in the gap between eleven percent and two?

  15. Octavia Lindqvist-ShawWhoever you're interviewing next, Hank.

  16. Hank Ledger · Lead AnchorThat's Rex, and he'll want a lobbyist for the bench.

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The story so far

  1. Netflix dismisses film boss Dan Lin before Peter Rice arrives · Deadline
  2. Netflix's $20 billion budget grew 11% while viewing grew 2% (this story)

From the archive: everything BBN aired on Monday, October 19, 2026 · the Pop Culture archive · all months