exclusive: Tendo Nagenda is leaving Netflix this week. It will be out on September 1, a development that came from a move to simplify the film’s cast structure. Under Global Films President Scott Stuber, Netflix has been systematically streamlining its executive structure. There will now be one Studio Film team led by Kira Goldberg and Ori Marmore, and their upcoming films include Slumberland, the heart of stone And the the killer.
Naginda was a fast-rising Disney CEO who had spent more than eight years in the Mouse House when Stuber brought him in as one of its first key employees. Nagenda was an important part of Stuber’s transformation from directing a movie studio whose stock was largely made up of licensed/third-party films to one that developed in-house projects and star-driven packages and quickly turned them into big-budget movies.
Netflix has been the most-nominated studio at the Academy Awards for three years in a row, producing a much larger film slate than any major competing studio. Given the recent rocky path the company has taken in its stock price as of late, it’s likely that this high number of annual production will veer into a more eclectic strategy. I was told by Nagenda, who oversaw the team that made gray man And the extraction Among other things, there was the opportunity to switch to the role of producer. Instead, he chose to pursue other paths. But his exit is friendly.
Confirming Nagenda’s exit, Stober said, “Tendo joined the company four years ago and helped build our film studio team, which has made films like THarder They Fall, The Glass Onion: A Riddle Out Of Knives, The Old Guard, Da 5 Bloods And the Accelerates. It has been an integral part of our evolution from acquiring and licensing films to making films ourselves. We wish him all the best in the future.”
Said Naginda: “I am honored to be such a small part of the film team that has led Oscar nominations for three consecutive years, become the largest film producer in the world by any measure, led the industry through a pandemic, and become the standard-bearer for representation and inclusion in front of and behind the camera. I wish Netflix perseverance and boldness. Constantly taking big swings and telling big, lovable tales that need telling. I plan to.”
Deadline got a copy of an internal memo that Nagenda just sent to fellow Netflix. Here it is:
With deep appreciation over the past four years and boundless optimism about the future of our business, I am signing out of my role at Netflix. I came to Netflix guided by the belief that a lot of touching and transformative stories are not told. I’ve worked alongside storytellers to tell those and other stories with originality, dignity and entertainment value, sharing them with a global audience that can only be accessed through Netflix.
To borrow from James Baldwin, “You [tell stories] To change the world… The world changes according to the way people see it, and if you change even by a millimeter the way people look at reality, you can change it.”
I am honored to be a small part of the film team that has led Oscar nominations for three consecutive years, become the largest film producer in the world by any measure, led the industry through a pandemic, and become a record holder for acting and inclusion in front of and behind the camera. In this pursuit of consolidation, I am particularly proud to be involved, with so many brave and selfless colleagues, in creating Strategy Bet Number 16: Comprehensive and Loved Content Throughout Netflix Entertainment. Together, through this work, we have changed reality by several millimeters and changed the world.
As the industry and the world continues to transform, I wish each of you the continued perseverance and boldness to take the big swings and tell the big, beloved tales that need telling. I plan to.
With gratitude and warm regards,
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