Netflix may have brought back the reboot, but now the streaming service seems to be leaving that strategy behind. “It’s funny because Netflix really did start the trend with ‘Fuller House,’ the continuation of the 90s sitcom from ABC,” Michael O'Connell, reporter at Hollywood Reporter, told Cheddar. “But now it seems that Netflix is kind of shying away from this. They don’t want to be in the business of saving shows or working with other people’s intellectual property. They want to do their own thing.” That seems apparent from recent reports, which say Netflix plans to roll out 700 original movies and shows this year, according to Variety. Eighty international productions are also on the docket. The company will spend up to $8 billion to fund these projects this year. CFO David Wells said the push is meant to expand the company’s subscriber base. In its last earnings report, Netflix said it hit nearly 118 million paying users, more than half of whom are overseas. For the full interview, [click here](https://cheddar.com/videos/hollywoods-reboot-revolution).

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Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
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