Netflix Fires Film Chief Dan Lin Before Third-Quarter Earnings

Netflix fired Dan Lin, its film chief, over the weekend, creating a leadership vacancy as the streaming company prepares to release third-quarter results Tuesday, Oct. 20. Lin had held the position for almost three years. Netflix Chief Content Officer Peter Rice is expected to find a replacement. Netflix's July forecast for the third quarter called for $12.86 billion in revenue, up 11.7% from a year earlier, and a 33.2% operating margin. The company also projected $4.268 billion in operating income. Netflix recorded $12.56 billion in second-quarter revenue, a 13% increase from a year earlier, and a 33.4% operating margin.

Source: TokenPost