Netflix co-founder Reed Hastings is stepping down from the board, and the company is updating its mobile app with a vertical video feed to boost engagement.
Jasmine·
Netflix has announced global price hikes of $2 per month for its standard and premium tiers. The move reflects the streaming industry's shift toward focusing on profitability in a mature market.
Leo·
Netflix is increasing the monthly subscription fee for all tiers by up to $2, citing a continuing trend of price hikes across major streaming platforms.
Leo·
Netflix has announced another round of price hikes across all subscription tiers, with increases of up to 12.5%. This move reflects a broader industry trend of rising costs among major streaming services as companies seek to bolster profitability.
Leo·
Warner Bros. Discovery and Paramount have agreed to a historic $111 billion merger, uniting HBO, CBS, and massive IP libraries. Netflix, the previous frontrunner, withdrew from the deal following reported 'advice' from President Trump, raising questions about political interference.
Jasmine·
Paramount is set to acquire Warner Bros. Discovery for $111 billion, creating a media behemoth under the control of the Ellison family. The deal, which saw Netflix withdraw after alleged political influence, now faces significant antitrust scrutiny from the Department of Justice.
Jasmine·
Paramount wins the bidding war for Warner Bros. Discovery as Netflix withdraws. The $83B deal unites HBO, CNN, and Warner Bros. under David Ellison’s Paramount, creating a massive new media power center.
Jasmine·