Netflix

Netflix Chairman Reed Hastings to step down from board of directors in June

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 ...

Tech Digest April 17: Gucci Android XR glasses, AI Mode on Chrome, Netflix

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

Netflix co-CEO makes rare overture to cinema owners at Las Vegas meet

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

Rating noise rises as linear TV declines, raising questions on regulation

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 games: What's it

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

Creative opportunities: India's AVGC sector moves up the value chain

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

The changing grammar of storytelling in an age of restless viewers

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 launches Eyeline Studios in Hyderabad, its fifth global VFX hub

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 ...

Paramount-Warner deal promises to shake up the streaming landscape

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

Paramount's debt to hit $79 billion on $110 billion Warner Bros deal

Takeover likely to get FCC backing

Paramount's Ellison used deep pockets, political links to buy Warner Bros

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

Top OTT releases this week: The Bluff, Ikkis, Accused, Bridgerton and more

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 walks away from Warner Bros deal, clears path for Paramount

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

Paramount raises bid for Warner Bros, intensifies Hollywood takeover battle

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 probes Netflix's power over filmmakers in Warner Bros deal review

DOJ broadens review of Netflix's $72 billion Warner deal, probing potential monopoly power and leverage over filmmakers under US antitrust laws

Trump tells Netflix to fire board member Susan Rice or 'pay consequences'

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

DOJ probes Netflix's power over filmmakers in Warner deal review

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

Why are Americans boycotting big tech?: Inside the 'Resist and Unsubscribe' movement

A growing boycott campaign in the United States is urging people to cancel subscriptions to major tech platforms. Here’s what the “Resist and Unsubscribe” movement is, why it began

Warner Bros reopens takeover talks with Paramount after waiver from Netflix

Warner Bros Discovery is briefly reopening takeover talks with Skydance-owned Paramount to hear the company's "best and final" offer, while the Hollywood giant continues to back the studio and streaming deal it struck with Netflix. In a Tuesday regulatory filing, Warner said it had received a waiver from Netflix to reopen talks with Paramount for the next seven days, or until Monday. Warner said this will allow the companies to discuss unresolved "deficiencies" and "clarify certain terms" of Paramount's latest bid. But in the meantime, Warner's board is still recommending shareholders support of its proposed merger with Netflix. A special meeting is now scheduled for Friday, March 20 to hold a vote on that deal. In a statement, Netflix said it was confident that its proposed transaction "provides superior value and certainty" - but recognised "the ongoing distraction for WBD stockholders and the broader entertainment industry caused by PSKY's antics." The streaming giant noted it ha

Warner Bros rejects revised Paramount bid, but is open to a final offer

Paramount informally broached an even higher per-share price of $31, Warner Bros said, apparently enticing the board to the table