Comcast’s Sky has agreed to buy the broadcast channels and streaming service of Britain’s ITV for £1.6 billion (R34.6-billion), creating a British champion with the scale to compete with global players like Netflix, Amazon and Disney. Sky CEO Dana Strong said the deal, announced on Monday, was a “defining moment”, one of the biggest in…
Netflix’s ad-supported subscription tier has seen a massive surge in adoption, reaching 250 million monthly active users, according to figures released during the company’s recent Upfront presentation. This represents a significant acceleration in growth compared to previous years, where the plan recorded 70 million users in 2024 and 94 million in 2025. Read: Bandwidth Blog…
Netflix co-founder and executive chairman Reed Hastings will officially depart the company’s board this June. According to a shareholder letter released alongside Netflix’s Q1 2026 earnings, Hastings is leaving to dedicate his time to “philanthropy and other pursuits.” His departure marks the end of an era for the streaming giant he helped build from a…
Reed Hastings, Netflix’s co-founder and then-CEO, in Sydney to meet with executives of other subscription streaming services on Feb. 25, 2022. Wolter Peeters | Fairfax Media | Getty Images Netflix shares fell 9% in extended trading on Thursday after the streaming giant released its first-quarter earnings report and announced a key governance change. The company…
Cinergy’s CineRay mobile solar PV system powering production for season 2 of Netflix’s One Piece A Cape Town start-up has powered an entire Netflix production base camp on the sun for six months, with no diesel generator running the main site – and at roughly the same cost as renting a conventional generator. Cinergy Mobile…
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…
