iWorld
GRB Studios & Media Ranch partner for distribution joint venture
Mumbai: GRB Studios CEO Gary R. Benz and Media Ranch CEO Sophie Ferron have entered into a joint venture partnership to create a premiere independent distribution organization. The new entity will combine the extensive content catalogs and proven formats, coupled with the years of entertainment business experience of both companies and principals to create an entity with a broader reach and a deeper catalog than the two partners have individually. The company, GRB Media Ranch, will have a portfolio that includes over 5,000 hours of factual, unscripted, and scripted programming as well as a multitude of formats in all genres.
Both companies will retain their separate production and creative businesses. Creative and original production for GRB Studios will remain solely with GRB under the management of Benz while Media Ranch’s original IP and format development, including current paper formats, and incubator Horsepower will remain solely with Media Ranch, under the management of Ferron and with Media Ranch’s Philip Kalin-Hajdu, head of development and storytelling.
The two companies have a combined 50+ years in the international content sector, with award-winning programming such as GRB’s Untold Stories of the E.R.; Icons Unearthed series: The Simpsons, Marvel, Star Wars, etc.; On the Case, among others, and GRB is the producer of megahit, Emmy Award-winning Intervention. Media Ranch distributes over 150 formats, including Round Table from Wonwoo Park (creator of Masked Singer), Watch, and hits such as Surprise sur prise, Comedy on the Edge, Rose D’or winning Street Jungle, and many more.
Both Benz and Ferron have been active on the international trade circuit, speaking at MIPCOM, NATPE, Realscreen and other events. Ferron is an Advisory Member of FRAPA and the International Emmys org, and Benz is currently a member of the Directors Guild of America, the Writers Guild of America, the Academy of Television Arts and the Board Chairman for the Entertainment Industries Council, Inc.
Under the leadership of both Benz and Ferron, the team will include personnel from both partners handling distribution. From GRB: Liz Levenson will cover Africa, Middle East, Scandinavia, and Eastern Europe while Torquil Macneal will cover APAC; Janel Downing will cover Latin America; From Media Ranch: Tanja van der Goes will cover Europe for formats; Alexa Jorizzo will cover Europe and Canada for finished programs.
Benz stated, “Sophie and I have known each other for over 10 years, partnering on various inspiring projects. Our companies and visions complement each other well, and we bring our creativity to deal-making into the evolving business of the content industry. Our joint venture is a natural and logical next step in our relationship to build a super independent distribution organization. Together, we will expand our global reach even further.”
Ferron added, “Gary and I have two strong teams that will become a unified and stellar sales force. We are eager to contribute our skills to the new entity and reach even greater heights. The goal is to become an international distribution powerhouse offering a comprehensive marketing approach from formats to finished programs in all genres.”
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.
