Business

Netflix will invest more than €1 billion in Spain between 2025 and 2029, expanding its local production footprint and supporting more than 20,000 jobs. Co-CEO Ted Sarandos announced the commitment during a 10th-anniversary event at Netflix’s Madrid hub, citing over…

Paramount laid off 3.5% of its U.S. workforce, continuing a pattern of cuts tied to declining linear TV revenues and an uncertain pivot to streaming. The move follows over 2,000 job eliminations tied to a $500 million cost-cutting effort, and…

Disney has finalized its acquisition of Hulu, buying Comcast’s remaining 33% stake for $438.7 million, bringing the total valuation to $9.2 billion. This ends a years-long valuation dispute and gives Disney full financial control, allowing deeper integration of Hulu with…

Warner Bros. Discovery is splitting into two independent public companies. One will focus on streaming and studios, led by David Zaslav. The other will contain the company’s cable networks and will be led by CFO Gunnar Wiedenfels. Most of WBD’s…

Fubo is launching Pay-Per-View events in June—no subscription required—starting with soccer and boxing matches. A new deal with DAZN brings its U.S. channel to Fubo and extends Fubo’s FAST channel to DAZN’s platform. These moves aim to attract casual fans…

Warner Bros. Discovery just axed dozens from its linear networks division, quietly admitting cable’s a sinking ship. Meanwhile, nearly 60% of shareholders told David Zaslav to shove his $52 million payday, voting against his comp package. Between layoffs, a junk…

From the Archives explores the rise and fall of M-GO, a 2013 joint venture between Technicolor and DreamWorks that aimed to simplify digital rentals and purchases with a user-first, cross-platform approach. M-GO distinguished itself by supporting UltraViolet, embedding directly into…

AMC Networks has partnered with Runway AI to generate marketing materials and pre-visualizations, aiming to cut costs amid ongoing financial pressure. While marketed as a tool to empower creatives, the move reflects a broader industry shift where AI adoption is…

Disney has expanded its partnership with Bell Media to launch a new Canadian streaming bundle that includes Disney+, Crave, and TSN, continuing a trend toward bundling as streamers look to improve value perception and offset cord-cutting. The bundle, expected later…

Netflix and the Brazilian Tourism Board have launched a partnership to boost international tourism using the global appeal of Brazilian-made shows like Invisible City and Stranded With My Mother-In-Law. The initiative includes a Netflix-branded travel guide and follows the success…