Reports: Netflix to make fewer movies, two Executives leaving

(Los Gatos, CA) -- Netflix reportedly will make fewer movies and cut ties with two longtime executives.

Bloomberg reports the changes are part of restructuring of the streaming giant's film group, combining small and mid-sized film units and leading to layoffs.

Bloomberg and Variety report that Lisa Nishimura, who led Netflix's documentary and small-budget films will leave the company, along with film group vice president Ian Bricke.

Bricke reportedly had been with Netflix for more than 20 years and Nishimura for more than 15.