The streaming platform announced the move in an SEC filing on Friday, saying Hoag assumed the role following its annual shareholders meeting on June 4
Netflix is reportedly building a generative AI animation studio called INKubator to create short-form animated content and explore AI-driven storytelling
Netflix introduces Clips, a vertical short-video feed, alongside a redesigned mobile interface aimed at simplifying navigation and improving content discovery during short viewing sessions
The Netflix co-founder and chairman Reed Hastings will step down from the streaming service's board of directors in June when his term expires, the company said on Thursday. Hastings plans to focus on philanthropy and other pursuits. Hastings had served as Netflix's CEO for more than 20 years until 2023 after taking over the role from his friend and fellow company co-founder Marc Randolph in the late 1990s. "My real contribution at Netflix wasn't a single decision; it was a focus on member joy, building a culture that others could inherit and improve, and building a company that could be both beloved by members and wildly successful for generations to come," he said in a statement. The company announced Hastings' departure along with its quarterly results Thursday, its first earnings report since walking away from its offer to buy Warner Bros. Discovery's studio and streaming business in February. Netflix shares fell nearly 9 per cent to $98.32 in after-hours trading after the ...
Gucci to launch Android XR-based smart glasses in 2027. AI Mode in Chrome gets side-by-side browsing. Netflix on iPhone is getting Vertical videos. OpenAI updates Codex app. Pixel Glow lighting
At the time Netflix was openly courting cinema owners with promises to show the studio's films in theatres, before it backed out of the bid in February
In 2019, over 210 million Indian homes had a television set - an audience size of almost 900 million. Most of these were DTH (direct-to-home) or cable homes
Netflix launches Playground app for kids with ad-free, offline games based on popular shows, alongside new and returning titles, with a global rollout set for April 28
The larger opportunity lies in the rapid expansion of the AVGC ecosystem. India's media & entertainment sector was estimated at around ₹2.5 trn in 2024 and is projected to reach about ₹3 trn by 2027
Aditya Dhar's Dhurandhar, one of the biggest hits in recent times, also employs an unusual, eight-chapter narrative to tell the story of spies
Netflix on Thursday launched its premier visual effects and virtual production hub, Eyeline Studios, in Hyderabad, marking a significant strategic push in the country's fast growing animation, VFX, gaming, and comics sector. The inauguration ceremony was attended by Telangana Chief Minister Revanth Reddy, state IT minister Sridhar Babu, information & broadcasting ministry secretary Sanjay Jaju, and actor-producer Rana Daggubati, alongside Jeff Shapiro, CEO of Eyeline Studios. Eyeline Studios is Netflix's premier innovation hub for visual effects and virtual production, where practical filmmaking and next-generation technology converge. Founded in 2019, the studio unified with Scanline VFX - a visual effects powerhouse established in 1989 - in 2025 to form a single, comprehensive creative force operating across three divisions: Studios, VFX, and Labs. Its proprietary capabilities include the Light Dome volumetric lighting system, LED volume stages, 4D capture systems, and ...
Netflix and YouTube have sat comfortably in the lead, competing head to head for the biggest share of viewing time in living rooms around the world
Takeover likely to get FCC backing
The dramatic turnaround positions Paramount to acquire Warner Bros in a $110 billion deal, making the Ellison family owners of one of the world's largest entertainment empires
From Priyanka Chopra Jonas' action drama The Bluff to Konkona Sen Sharma's intense thriller Accused, OTT platforms are rolling out a packed slate of fresh releases across genres this week
Netflix is declining to raise its offer to buy Warner Bros Discovery's studio and streaming business, in a stunning move that effectively puts Paramount in a position to take over the fellow storied Hollywood giant. On Thursday, after Warner's board announced that Skydance-owned Paramount's offer was superior to the agreement it had previously struck with Netflix, the streaming giant said that at the price that would be required to buy Warner, a deal was "no longer financially attractive." Unlike Netflix's bid, Paramount wants all of Warner's operations, including networks like CNN and Discovery. That would put CNN under the same roof as Paramount's CBS and combine two of Hollywood's last five remaining studios. Warner Bros Discovery has determined that Paramount's latest takeover offer is superior to the streaming and studio agreement it struck with Netflix, marking a stark shift in momentum in the fight for the storied Hollywood giant. The owner of HBO Max, DC Studios and popular
The fight for Warner Bros. is one of the biggest media deals in years and whichever company wins, it will likely have great influence on the entertainment industry going forward
DOJ broadens review of Netflix's $72 billion Warner deal, probing potential monopoly power and leverage over filmmakers under US antitrust laws
Rice in a podcast said that corporations, news organizations and law firms that went along with Trump's demands for loyalty now see their actions were unpopular
The department is seeking to determine whether the deal "may substantially lessen competition or tend to create a monopoly in violation of Section 7 of the Clayton Act or Section 2 of the Sherman Act