Netflix

Netflix is heading into a pivotal stretch without the executive who helped build it from scratch, as Chairman Reed Hastings prepares to leave the streaming company he co-founded 29 years ago. Hastings, 65, is stepping away at a difficult moment for the business. Netflix is trying to unlock new growth as sales come under pressure from intensifying competition, while a potentially transformative merger with Warner Bros Discovery collapsed in February. Late yesterday, Netflix projected current-quarter earnings per share below…

Paramount Skydance has launched a hostile $108.4 billion bid for Warner Bros Discovery, moving to upend Netflix’s newly struck agreement and escalate one of the decade’s most consequential battles for Hollywood’s crown jewels. The move arrives days after Netflix emerged from a weeks-long bidding war with a $72 billion equity deal for Warner Bros Discovery’s TV, film and streaming assets — an offer valued at $82.7 billion including debt and carrying a $5.8 billion break-up fee from Netflix. The streaming giant’s bid, already…

London-based Zimbabwean businessman Strive Masiyiwa, thought of the nation's first billionaire, was named Netflix's new director final week.