iWorld
Ullu appoints Nivedita Basu as head of content strategy & business alliances
Mumbai: Homegrown OTT platform Ullu has appointed Nivedita Basu as the head of content strategy and business alliances. Her role will entail developing, creating, and producing original content and leading strategic business alliances for the platform.
With over two decades of experience in production and programming, Nivedita is one of the most noteworthy professionals in the entertainment industry. Her most significant stint was with Balaji Telefilms, where she donned the hat of a creative director. She was key in revolutionising Indian soap series and also spear-headed content creation for leading Indian GEC namely Star, Zee Entertainment, Sony amongst many others. She is lauded for shows like “Saas Bhi Kabhi Bahu Thi,” “Kahani Ghar Ghar Ki,” “Kasauti Zindagii Ki,” “Kusum” and has also worked as a creative director for 24 at Anil Kapoor Film Company. Prior to joining Ullu, Nivedita had directed and co-produced its much-talked-about show “Tandoor.”
Speaking on her appointment, Ullu founder and CEO Vibhu Agarwal said, “As we continue to expand and foray in different domains, Nivedita’s rich and illustrious experience will help us drive our goals. In her capacity, Nivedita will be responsible for not just creating engaging original content but also identifying the right talent for it. She will also lead our existing and new key business alliances.”
“It gives me immense pleasure to join the vibrant and growing team of Ullu. Its commendable, how in such a short span of time, Ullu has established itself as a key player in the OTT space which offers content across genres,” said Nivedita Basu. “Earlier last year it expanded its library with family viewing shows like Assi Nabbe Poore Sau, Bulls of Dalal Street, Cyanide and Tandoor amongst others which had some of the best-known talents from the industry along with intriguing concepts. It is now at a pivotal juncture of diversifying and I join the team to further solidify its premium content offering. I am really thankful to Vibhu ji for instilling faith in me. I hope to take Ullu’s premium content domains to new heights and make the brand a one-stop destination of entertainment across domains.”
iWorld
Netflix cuts jobs in product division amid restructuring
Layoffs hit creative studio unit as leadership and strategy shifts unfold.
MUMBAI: The streaming wars may be fought on screen, but the latest plot twist is unfolding behind the scenes. Netflix has reportedly begun laying off several dozen employees from its product division as part of an internal reorganisation, according to a report by Variety. The cuts are believed to have primarily affected the company’s creative studio unit, which works on marketing assets such as in app trailers, promotional visuals and live experience content for the streaming platform.
The company has not disclosed the exact number of employees impacted.
According to the report, the layoffs were not tied to employee performance. Instead, the restructuring eliminated certain roles while other employees were reassigned to different teams within the organisation.
The roles affected are understood to include designers, producers and creative specialists responsible for marketing and brand experience initiatives.
The job cuts come as Netflix adjusts its leadership structure and reshapes its product and creative teams. Last month, Elizabeth Stone was promoted from chief technology officer to chief product and technology officer, giving her oversight of product, engineering and data operations across the company.
Earlier, in December 2025, Netflix also appointed Martin Rose as head of creative for global brand and partnerships, a move seen as part of a broader restructuring of the company’s brand and product functions.
Despite the layoffs, Netflix remains one of the largest employers in the streaming sector. The company is estimated to employ around 16,000 people globally, with roughly 70 percent of its workforce based in the United States and Canada. In 2023, the company reported approximately 13,000 employees, indicating that its headcount had grown significantly before the latest restructuring.
The workforce changes arrive at a time when Netflix is navigating a shifting financial and strategic landscape in the global entertainment industry.
The streaming giant recently secured $2.8 billion in additional cash after receiving a breakup fee from Paramount Skydance following its withdrawal from a deal involving Warner Bros. Discovery.
Speaking to Bloomberg, Netflix co chief executive Ted Sarandos explained that the company had evaluated multiple scenarios during the negotiations but chose not to match the competing offer once it learned that a higher bid had been submitted.
Netflix had capped its offer at $27.75 per share and ultimately stepped back rather than pursue Paramount’s $111 billion acquisition deal, which included a personal guarantee.
Sarandos also cautioned that the financing structure behind the Paramount Skydance transaction could have ripple effects across the entertainment industry.
According to him, the debt heavy deal could trigger significant cost cutting, with David Ellison, chief executive of Paramount Skydance, expected to eliminate about $16 billion in costs and potentially cut thousands of jobs as part of the integration process.
For Netflix, the current restructuring appears to be part of a broader attempt to streamline operations while continuing to invest in product, technology and global content even as the streaming industry enters a new phase of consolidation and financial discipline.
