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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
[Exclusive Interview] This Time, It’s a K-Dessert Variety Show! Meet the Five Muses of ‘Bite Me Sweet’ ⑤ Lee Se-eon

[Exclusive Interview] This Time, It’s a K-Dessert Variety Show! Meet the Five Muses of ‘Bite Me Sweet’ ⑤ Lee Se-eon

〈Bamis〉 is a K-dessert variety show where five world-famous pâtissiers from across Southeast Asia and five up-and-coming male Korean celebrities team up in pairs to compete in making K-desserts.
Coming in April is the K-dessert variety program 〈Bite Me Sweet〉(also known as 〈Bamis〉), which will be available globally via the OTT platform Viu, with Asia as its hub, and in Korea via Wavve. 〈Bite Me Sweet〉 is a competitive reality show where well-known pâtissiers from each country in Southeast...
| Chua-young
[Exclusive Interview] This Time, It’s a K-Dessert Variety Show! A Meet-Up with the Five Muses of “Bite Me Sweet” ③ Seong Seung-ha

[Exclusive Interview] This Time, It’s a K-Dessert Variety Show! A Meet-Up with the Five Muses of “Bite Me Sweet” ③ Seong Seung-ha

〈Bamis〉 is a K-dessert variety show where five renowned pâtissiers and five Korean rising male celebrities team up as pairs, creating new K-desserts.
It looked as if Seong Seung-ha had been walking the path of an acting prodigy. Having gone through Gyeonggi-do High School’s drama and film department and then Sungkyunkwan University’s Department of Acting Arts, from the web drama 〈Short Script〉 to tvN 〈Player2: The War of the Savvy〉, and 〈That...
| Kim Ji-yeon
The 62nd Baeksang Arts Awards: Final Nominees Revealed... 'The King's Warden' and 'No Other Choice' Lead with 7 Nominations Each in the Film Category

The 62nd Baeksang Arts Awards: Final Nominees Revealed... 'The King's Warden' and 'No Other Choice' Lead with 7 Nominations Each in the Film Category

Marking the 60th Anniversary of Korean Musicals, a 'Musical Category' Is Newly Added... Held at COEX on May 8
Final nominees by category for the 62nd Baeksang Arts Awards were revealed on the 13th. The Baeksang Arts Awards secretariat announced the nominees lists for the TV, film, theater, and musical categories on its official website over the past year.
| Kim Ji-yeon
“Korean Cinema Faces Collapse Crisis” Bong Joon-ho and 581 Others Urge Withdrawal of Holdback Bill

“Korean Cinema Faces Collapse Crisis” Bong Joon-ho and 581 Others Urge Withdrawal of Holdback Bill

A survival crisis amid Netflix pressure and conglomerate dominance. Calls for extraordinary measures such as introducing a screen cap and establishing a large-scale fund.
Facing the Collapse of the Korean Film Ecosystem, Urgent Appeals from Major FilmmakersA total of 581 leading figures in the Republic of Korea film industry, led by director Bong Joon-ho, strongly warned about 'the crisis in the Korean film industry' and urged 'extraordinary countermeasures' from...
| James choi
Oscar 2-Time Winner 'Kpop Demon Hunters' Director Chris Appelhans Appears on 'Welcome, First Time in Korea?'

Oscar 2-Time Winner 'Kpop Demon Hunters' Director Chris Appelhans Appears on 'Welcome, First Time in Korea?'

The genius director who swept the 98th Academy Awards for Best Animated Feature and Best Original Song makes an unusual appearance on Korean entertainment. 'Sweet Daddy' with a Korean wife decides to go to Korea for the sake of his 5-year-old son who wants to learn Korean. The master draws inspiration for his work through a trip to Korea... First broadcast on the 19th at 8:30 PM.
Chris Appelhans, co-director of the Netflix film 〈Kpop Demon Hunters〉, which achieved the remarkable feat of winning two awards at the American Academy Awards, is making a surprise appearance on the Korean entertainment program 〈Welcome, First Time in Korea. 〉.
| Seongchan Eol
'Boyfriend on Demand' Global TOP 10 in Just One Week! Behind-the-Scenes Stills Released!

'Boyfriend on Demand' Global TOP 10 in Just One Week! Behind-the-Scenes Stills Released!

Recorded 2,600,000 views (the value obtained by dividing the viewing time by the total running time of the work) and 25,600,000 viewing hours, ranking first based on viewing time.
According to the Netflix Tudum TOP 10 website on March 11, 〈Boyfriend on Demand〉 ranked 4th in the global TOP 10 non-English shows just three days after its release. It recorded 2,600,000 views (the value obtained by dividing the viewing time by the total running time of the work) and 25,600,000...
| Joo Seong-cheol
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
The Possessed Lawyer Yoo Yeon-seok... SBS 'Shin Irang Law Office' Set to Premiere on March 13

The Possessed Lawyer Yoo Yeon-seok... SBS 'Shin Irang Law Office' Set to Premiere on March 13

A law office set up in a shaman's house... Yoo Yeon-seok becomes a 'possessed lawyer' solving bizarre cases that cannot be explained by law and logic alone
SBS is introducing a new highly anticipated work that adds fantasy to the lineage of the "cider courtroom drama" that boasts box office success.The new SBS Friday-Saturday drama 〈Shin Irang Law Office〉 has confirmed its premiere on March 13, and on the morning of the 25th, it unveiled a teaser...
| Kim Ji-yeon
Netflix vs Paramount, Warner Bros Acquisition Round 2 Begins... Competition Intensifies

Netflix vs Paramount, Warner Bros Acquisition Round 2 Begins... Competition Intensifies

Paramount to Announce Final Proposal on the 23rd... Ted Sarandos "We Will Increase Theatrical Releases After Acquisition"
The second round of competition between Netflix and Paramount Skydance (hereafter referred to as Paramount) over the acquisition of Warner Bros. Discovery (hereafter referred to as Warner Bros.), a media and content company well-known for the 〈Harry Potter〉 and 〈The Lord of the Rings〉 series, is...
| 김지민