iWorld
Netflix dethrones HBO’s 17-year reign at Emmys with 112 nominations
MUMBAI: HBO needs to guard its territory. The New York based network has been holding the position of the most nominated network for the last 17 years at the prestigious Emmy Award. Netflix, the new content king, has dethroned HBO this year with 112 nominations.
The 70th annual Primetime Emmy awards is to be held on Monday, 17 September. Last time, the streaming giant scored 91 awards. High-profile projects including The Crown, Stranger Things, Godless and GLOW added big to the list each with ten or more than ten nominations.
“We are particularly enthused to see the breadth of our programming celebrated with nominations spread across 40 new and returning titles which showcase our varied and expansive slate—comedies, dramas, movies, limited series, documentary, variety, animation, and reality,” Netflix chief content officer Ted Sarandos said.
However, HBO is also not far behind Netflix with 108 nominations with Game of Thrones leading the way for the network. “HBO is very pleased with its 108 nominations, especially the wide range over so many categories,” the network also said in a statement. But it’s a real challenge for networks to keep pace with Netflix’s spending on content. The streaming giant has planned to spend $8 billion this year, focusing highly on originals.
Other streaming platforms including Hulu, Amazon have also gathered a good number of nominations with 27 and 22 respectively. Critically acclaimed The Handmaid’s Tale has worked as the game changer for Hulu and Amazon is indebted to The Marvelous Mrs. Maisel.
“If you look at Netflix, Hulu, and Amazon and you add together their nominations at 161, and you add four platforms called networks together and you have 159, I think you see where things are headed. And Apple isn’t even in the game yet,” executive producer of The Handmaid’s Tale Warren Littlefield said.
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.
