Sen. Elizabeth Warren, D-Mass., and two other Democratic lawmakers demanded more information Monday about what Trump administration officials discussed with Netflix co-CEO Ted Sarandos before the streaming giant pulled out of the bidding war for Warner Bros. Discovery. In a letter to Attorney General Pam Bondi and White House chief of staff Susie Wiles, Warren…
A Netflix building in Hollywood. Daniel Cole/Reuters Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio. “We’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal…
A drone view shows the Netflix logo on one of the company’s buildings in the Hollywood neighborhood in Los Angeles, California, U.S., Jan. 20, 2026. Daniel Cole | Reuters President Donald Trump late Saturday called on Netflix to fire board member Susan Rice or “pay the consequences,” after she said Democrats would push for corporate…
Netflix, the world’s largest streaming service by paying subscribers, has announced a massive overhaul of its mobile app coming in late 2026, with shorts- and reels-style content for phones taking centre stage. The revamp was announced during an investor call for the company’s fourth quarter 2025 results last week. “We’ve been testing vertical video features…
Dado Ruvic/Reuters Netflix has switched to an all-cash offer for Warner Bros Discovery’s studio and streaming assets without increasing the US$82.7-billion price in a bid to shut the door on Paramount’s rival efforts to snag the Hollywood giant. The new all-cash bid — at $27.75/share — has unanimous support from the Warner Bros board, according…
Netflix’s advertising business has reached a major turning point, more than doubling its revenue to $1.5 billion between 2024 and 2025. During the company’s most recent earnings call, co-CEO Greg Peters expressed high confidence in this trajectory, projecting that ad revenue will “roughly double again” in 2026 to reach approximately $3 billion. This rapid scaling…
The high-stakes tug-of-war over Warner Bros. Discovery (WBD) remains the focal point of Hollywood, as Paramount Skydance continues to challenge Netflix’s massive acquisition proposal. In an effort to mitigate industry-wide anxiety regarding the potential merger, Netflix co-CEO Ted Sarandos has begun a charm offensive aimed at reassuring theatre owners and traditionalists about the streaming giant’s…
Netflix has taken a small but significant step into the world of African sports entertainment with the launch of its first-ever daily highlights show for the Africa Cup of Nations (Afcon) football tournament. While the programme stops well short of live match streaming, it underlines a clear strategic direction: sport is becoming an increasingly important…
Mike Blake/Netflix Netflix has agreed to buy Warner Bros Discovery’s TV and film studios and streaming division for US$72-billion, excluding debt, a deal that would hand control of one of Hollywood’s most prized and oldest assets to the streaming pioneer that has upended the media industry. The agreement, announced on Friday, follows a weeks-long bidding…
The acquisition by Netflix of big chunks of Warner Bros Discovery in a US$72-billion megadeal could hardly have come at a worse time for MultiChoice Group. Reuters reported that Netflix has agreed to buy Warner Bros Discovery’s TV and film studios and streaming division for $83-billion (including debt), a deal that would hand control of one…
