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Stockreport

Netflix CEOs Seek to Reassure Staff About Warner Bros. Deal [Yahoo! Finance Canada]

Netflix, Inc. (NFLX)  More Company Research Source: Yahoo! Finance Canada
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
If the deal is approved, Netflix will take over one of Hollywood's oldest and most storied studios in one of the biggest ever media deals. It would also gain control of its one-time inspiration, HBO. The executives laid out the company's case and moved to quell industry concerns about job losses and the end of theatrical releases. They promised “no overlap or studio closures” amid concerns the mega-deal would curtail jobs in an industry already impacted by the rise of streaming platforms and artificial intelligence. “This deal is about growth,” the pair wrote. “We're strengthening one of Hollywood's most iconic studios, supporting jobs, and ensuring a healthy future for film and TV production.” Peters and Sarandos said they were committed to releasing Warner Bros. movies in theaters, following concerns that Netflix would prioritize a streaming-first model. Sarandos has previously described going to the cinema as an “outdated” experience. “We haven't prioritized theatrical i [Read more]

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Stockreport

Netflix CEOs Seek to Reassure Staff About Warner Bros. Deal [Yahoo! Finance Canada]

Netflix, Inc.  (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
If the deal is approved, Netflix will take over one of Hollywood's oldest and most storied studios in one of the biggest ever media deals. It would also gain control of its one-time inspiration, HBO. The executives laid out the company's case and moved to quell industry concerns about job losses and the end of theatrical releases. They promised “no overlap or studio closures” amid concerns the mega-deal would curtail jobs in an industry already impacted by the rise of streaming platforms and artificial intelligence. “This deal is about growth,” the pair wrote. “We're strengthening one of Hollywood's most iconic studios, supporting jobs, and ensuring a healthy future for film and TV production.” Peters and Sarandos said they were committed to releasing Warner Bros. movies in theaters, following concerns that Netflix would prioritize a streaming-first model. Sarandos has previously described going to the cinema as an “outdated” experience. “We haven't prioritized theatrical i [Read more]

IMPACT SNAPSHOT
EVENT TIME:
NFLX
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Price Change %
Volume Shares
Max Up
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
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NEWS EVENT
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Multi-day stock performance from the time of the news release
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Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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