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Netflix’s Surprise Earnings in First Quarter Topping $6 Billion… Shares Drop 9% After Founder Steps Down

Netflix’s Surprise Earnings in First Quarter Topping $6 Billion… Shares Drop 9% After Founder Steps Down

Operating profit rose 18% and beat expectations, but shares plunged 9% in over-the-counter trading after a report that Reed Hastings—the founder who led the company for 29 years—has stepped down
Global online video service Netflix recorded a surprise performance that far exceeded the market’s outlook for the first quarter this year. An ‘earnings surprise’ in Q1 notwithstanding, the impact of the complete management exit by co-founder Reed Hastings sent the stock tumbling 9% on the...
| James choi
Hollywood erupts in anger with 1,000 voices…Letter opposing Paramount–Warner merger worth about KRW 163 trillion

Hollywood erupts in anger with 1,000 voices…Letter opposing Paramount–Warner merger worth about KRW 163 trillion

More than 1,000 signatories, including Joaquin Phoenix and Denis Villeneuve…Strong warning: “The monopoly will collapse the creative ecosystem”
Worries over a Hollywood ecosystem breakdown—Putting the brakes on the birth of a media giantHollywood is strongly pushing back against the massive `'Paramount Skydance'` and `'Warner Bros. Discovery'` `'acquisition and merger (M&A)'`, which signal seismic shifts in the global entertainment...
| James choi
Choo Young-woo and Lee Se-young confirmed for Netflix fantasy romance 'Long Vacation,' new project from 'Crash Landing on You' director

Choo Young-woo and Lee Se-young confirmed for Netflix fantasy romance 'Long Vacation,' new project from 'Crash Landing on You' director

Director Lee Jeong-hyo and writer Jeong Hyeon-jeong join forces. A fantasy romance about a demon who doesn’t know love and a hotel staffer who’s ultra-resourceful
'Netflix' 'Long Vacation' new original series, 'Lee Se-young'·'Choo Young-woo' casting confirmed... A fantasy romance project on the way'Netflix' has officially confirmed 'Lee Se-young' and 'Choo Young-woo' as the leads for its new original series 'Long Vacation', and has kicked off full-scale...
| James choi
Netflix Abandons Warner Acquisition Final Decision... Paramount SkyDance Seeks 159 Trillion Won

Netflix Abandons Warner Acquisition Final Decision... Paramount SkyDance Seeks 159 Trillion Won

Netflix Declares Abandonment of Warner Acquisition Due to Paramount's Extraordinary Renegotiation Proposal. Paramount Upsets the Global Acquisition Landscape with a $111 Billion (Approx. 159 Trillion Won) Offer. On the Verge of Achieving the Largest 'Big Deal' in the History of Global Entertainment Company Acquisitions
The Warner acquisition battle is shifting to Paramount's momentum.The acquisition battle for Warner Brothers Discovery, currently the biggest topic in North American entertainment, is nearing its conclusion. Contrary to reports that the OTT platform Netflix was on the verge of acquisition,...
| Seongchan Eol

"No Reckless Bidding"... Netflix Withdraws Acquisition Proposal for Warner Brothers

Netflix Official Announcement: "Bid Increase Proposal Rejected"... Capital Discipline and Shareholder Value First
The absolute powerhouse of the global streaming market, Netflix, has officially withdrawn its plan to acquire Warner Bros. Discovery . This big deal, which had raised expectations for the birth of a media giant, has come to an end as Netflix decided not to raise its acquisition price any further.
| Yangsimoh
‘Ne Zha 2’ Takes the Top Spot in CGV Reservations Among This Week's Releases, Ranking First in Animation Reservations!

‘Ne Zha 2’ Takes the Top Spot in CGV Reservations Among This Week's Releases, Ranking First in Animation Reservations!

An animation announcing the arrival of a tremendous being that will shake the three realms of gods, humans, and monsters, depicting the adventures of the troublemaker Ne Zha, who was born differently from others.
With the exclusive release of 〈Ne Zha 2〉 set for February 25 , it has already recorded the overall 3rd place in CGV reservations, raising expectations for its box office success. To celebrate the release, the top 4 viewing points have been revealed. #1.
| Joo Seong-cheol
[Photo &] Hong Sang-soo, the Man from Berlin, 'The Day She Returned'... First Screening (GV) in Berlin

[Photo &] Hong Sang-soo, the Man from Berlin, 'The Day She Returned'... First Screening (GV) in Berlin

New film 'The Day She Returned' invited to Berlin Panorama... Producer Kim Min-hee participates, North American distribution rights secured
Director Hong Sang-soo has once again proven himself to be 'the Man from Berlin'. His 34th feature film 'The Day She Returned' premiered globally for the first time in the Panorama section of the 76th Berlin International Film Festival, receiving enthusiastic attention from the local audience.
| James choi
Hollywood 'Legendary Villain' Peter Greene Passes Away in Gun Accident at Home... Age 60

Hollywood 'Legendary Villain' Peter Greene Passes Away in Gun Accident at Home... Age 60

Deadline Reports 'Found Dead with Gunshot Wounds at the Scene'... Mourning the Loss of an Icon of 90s Crime Films
The news that the renowned actor Peter Greene, who exuded an irreplaceable aura in the Hollywood crime thriller genre of the 1990s, has tragically passed away due to a gun accident has sent shockwaves and sorrow throughout the global film community. ◆ The Tragic End of Valentine's Week. . .
| Yangsimoh
Paramount Submits Revised Tender Offer to Warner Bros...

Paramount Submits Revised Tender Offer to Warner Bros... "Netflix Penalty Payment"

A bold proposal of $30 cash per share, delayed compensation, and advance payment of penalties; activist investors join in... Tender offer closes on the 20th
Media and content company Paramount SkyDance (hereafter referred to as Paramount) has launched a full-scale effort to block the merger between Warner Bros Discovery (hereafter referred to as Warner Bros) and Netflix. ⬦ "$30 cash per share + delayed compensation + penalty for contract termination". . .
| 김지민
Sophie Turner Stars in Crime Thriller 'Steal', Premiering on Prime Video

Sophie Turner Stars in Crime Thriller 'Steal', Premiering on Prime Video

Simultaneous global release on the 21st on Prime Video... An ordinary office worker gets caught up in a pension heist. 'Game of Thrones' Sophie Turner X 'Saltburn' Archie Madekwe star in this thrilling 6-part series. Financial Times gives it 4 stars, praising it as 'a tight and entertaining thriller, with Sophie Turner's performance being outstanding.'
The heroine of 'Game of Thrones', Sophie Turner, has put down her sword and donned a suit, standing in the midst of the most dangerous heist of her life.Amazon Prime Video released all episodes (6 parts) of the new original series 'Steal', starring Sophie Turner, simultaneously worldwide on the...
| Yangsimoh