Netflix Inc NFLX upgrades his film group in terms of consolidation. The streaming giant also wants to focus on making fewer but better films in the future.

What happened: Netflix is ​​expected to merge units that produce small and medium-sized films, leading to some layoffs and Netflix’s departure Lisa Nishimura And Ian Bricke — two experienced executives — reported Bloomberg.

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Nishimura is currently in charge of documentaries and smaller budget films, while Bricke is the vice president of the film group and works with filmmakers such as Nicole Holofcenter and the Duplass brothers.

Scott Stuber, the chairman of Netflix Movies, is reportedly trying to streamline the company’s production and ensure more titles are of high quality. Netflix currently produces more than 50 projects per year.

Netflix didn’t immediately respond gasoline ga‘s request for comment.

Why it matters: Stuber centralizes decision-making and encourages executives to collaborate more after an era when they had more leeway to make films without asking their bosses, Bloomberg noted.

Netflix had ramped up production when it hit a milestone it knew other studios would Stop licensing content.

The company created different departments for the production of films with different budgets in order to increase its production. However, not all films have garnered top-notch awards or millions of views, the report said.

Netflix rival Walt Disney Co DIS was too Downsizing of streaming jobs abroad in the midst of a major overhaul. The company recently cut 7,000 jobs.

Price promotion: On Thursday, Netflix shares closed up 1.9% in the regular session at $338.43, up 0.2% according to after-hours trading Benzinga Pro data.

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