Netflix stock price sunk 9% in after-hours trading on Thursday.
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#warnerbros / Page 2
His remarks at a movie theater convention were part of a campaign to win Hollywood support for his bid to buy Warner Bros. Discovery.
The company's stock plunged about 8 percent on the news of Hastings's departure.
Netflix "built our M&A muscle" during its ill-fated quest to acquire Warner Bros, Co-CEO Ted Sarandos told Wall Street analysts Thursday.
Ted Sarandos, co-CEO of Netflix, acknowledged that it was disappointing for the streamer to not win the deal for Warner Bros. Discovery's streaming and studios business. But he said the company "built its M&A muscle" -- and tested its "investment ...
Chair to depart as streamer reports profit boost from $2.8bn termination fee after Warner Bros bidding war ...
Paramount Chief Executive David Ellison came to the CinemaCon trade show in Las Vegas Thursday to reiterate his commitment to the theatrical business.
Netflix reported its first-quarter 2026 earnings Thursday.
The Paramount Skydance chief spoke at CinemaCon in Las Vegas on Thursday, after opting out of a Congressional hearing on the merger earlier this week.
On today's 'Daily Variety' podcast, Hollywood insiders are rallying to oppose the Paramount-Warner Bros. Discovery merger. Will it make a difference?