Before serving as WBD's finance chief, Wiedenfels held the same post at Discovery prior to its merger with Warner Media in 2022. And before that, he was CFO at German media company ProSiebenSat.1 Media SE. Legacy media is in a time of tumult. And it's bringing a new crop of decision-makers to the fore. In an industry that's long been run by storied Hollywood executives, usually with resumes in content and programming, those with finance backgrounds and track records of deal-making are increasingly reshaping ...

Core Insights - Netflix continues to dominate the streaming sector, with stock prices reaching all-time highs and a likely subscriber count exceeding 300 million by the end of 2024 [1][7] - The company is launching a significant overhaul of its homepage to enhance user engagement, featuring a TikTok-style vertical feed of clips and trailers [2][4] User Engagement Enhancements - The new homepage design will provide better recommendations and a more engaging user experience, utilizing OpenAI technology for personalized search queries [3][5] - Popular titles and award-winning features will be more prominently displayed, with shortcuts to categories repositioned for easier access [4][6] Future Outlook - The changes are expected to be implemented in the coming months, allowing Netflix to test the impact on user engagement [4][5] - The platform aims to increase overall viewing time by showcasing viral clips and live content more effectively [6][7] Stock Performance - Netflix's stock closed at $1,155.41, marking a 1.6% increase, with a year-to-date rise of 30.3% and over 90% growth in the past year [7]