Business
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Netflix Stock Soars 13% After Wall Street Boosts Price Targets on Strong Q4 Results
The streamer ended 2023 with over 260 million subscribers and posted higher-than-expected revenue
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Netflix Stock Jumps 8% as Paid Sharing, Pricing Changes Drive Q4 Revenue Beat
The streamer’s net income grew to $938 million in the final quarter of 2023, a 17 times increase over 2022, after adding 13.1 million subscribers
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Dwayne Johnson Joins TKO Group Board, Granted Full Ownership of ‘The Rock’ Trademark
The actor and WWE superstar joined board the same day TKO Group Inc. announced its Netflix deal
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Netflix Deal for WWE ‘RAW’ Sends TKO Group Shares Up 22%
The streamer’s shares also gain as Wall Street sees the pact as a way to accelerate advertising revenue
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Blackwells Capital Asks Disney to Meet With Activist Investor’s Board Nominees to ‘Promote Free-Flowing Exchange of Ideas’
The firm also slammed the entertainment giant’s information sharing agreement with ValueAct Capital, demanding that it be made public to all shareholders
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MediaRadar CEO Says the Dot-Com Bubble Bettered Him as a Leader: ‘Went in With My Eyes Open’
Office With a View: Todd Krizelman reveals what he learned from the failings of theGlobe.com for his 17-year-strong media analysis venture
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Media
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5 Key Questions for Netflix as Wall Street Focuses on its 2024 Growth Story
The streamer, with a growing ad tier and more money to spend in 2024, kicks off media companies earnings season on Tuesday
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Plex to Add TV, Movie Rentals to Its Streaming Platform Next Month
The FAST provider aims to draw more viewers with rental and purchase offerings
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Disney’s Proxy Fight: Activist Investors Pose ‘Major Hurdle’ for Nelson Peltz
The activist investor is calling on Disney to “restore the magic” but his campaign for board seats is “an even longer shot” now, an analyst says
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Disney Entertainment TV Promotes Carol Turner to Head of Production
The former ABC Signature executive will oversee physical production across the company’s studios and platforms
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Sheryl Sandberg Steps Down From Meta Board After 12 Years
The former COO says now “feels like the right time to step away” from the social media giant
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Reddit Plans to Go Public in March | Report
The social media platform was valued at about $10 billion in 2021
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Amazon Studios Teams With the Wonder Project to Develop Faith-Based Films and Series
“House of David,” the independent studio and the tech giant’s first collaboration, has been ordered to series
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Amazon to Acquire Minority Stake in Diamond Sports Group
The investment is part of a restructuring agreement to help the regional sports network emerge from bankruptcy
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Do the Math: Production Accountant Shortage Equals New Hollywood Careers
“Accounting is usually not the way in” to the film business, says Nancy Rae Stone of the California Film Commission
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Breaking Into the Business
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