American media executive, co-CEO of Netflix
Netflix has announced deals to add short-form video from publishers including BuzzFeed Studios, Condé Nast, Hearst, People, Tastemade and Penske Media brands. The licensed clips and ongoing short series will roll out August 3 in the U.S., Canada, the U.K., Ireland, Australia and New Zealand, with runtimes from two to 20+ minutes.
Multiple sources report President Trump is calling for a federal production incentive to spur U.S. film and TV production, arguing it will bring jobs back to America. The idea has drawn support from SAG-AFTRA, IATSE, the Teamsters and lawmakers, as California expands film incentives to remain competitive.
Netflix executives describe events as appointment TV and outline a strategy to use global events, NFL rights, and international games to fuel growth. The company is pursuing five NFL games this season and contemplates FIFA World Cup rights while expanding international programming amid a shifting sports and entertainment landscape.
Netflix has announced a major round of job cuts, affecting its product, tech, legal and human-resources teams. The company says it remains on track to meet its full-year forecast, with around 16,000 employees at year-end and renewed emphasis on high-impact areas amid a competitive streaming landscape.
Netflix releases a trailer for Greta Gerwig’s Narnia: The Magician’s Nephew, a prequel set in 1950s London. The film stars Daniel Craig, Carey Mulligan, Meryl Streep, and David McKenna, with a wide theatrical release planned before streaming in 2027. Gerwig describes the project as a spiritual quest and confirms a stairway to the film’s marketing via Led Zeppelin’s Stairway to Heaven.
Netflix has announced significant job cuts and a leadership shake-up as it reports quarterly results. The company is downsizing roughly 1,000 roles across product, tech, HR and legal, while Bela Bajaria departs as chief content officer and Peter Rice steps in. The moves come as Netflix faces slowed growth, intensifying competition, and questions about its long-term strategy, including its push into games and podcasts.
Netflix has appointed Peter Rice to replace Bela Bajaria as Chief Content Officer, as the company seeks to accelerate growth and diversify its slate. The move follows recent layoffs and ongoing concerns about engagement, with Rice bringing experience from Disney and Fox to oversee global content, including live sports and events.
The NFL plans to proceed with the Steelers-Saints game at Stade de France as Paris faces weekend unrest. Authorities have increased security, curfews are in place, and teams are adjusting travel and safety plans. Players express confidence in safety and focus on the game.
Tesla reports third-quarter results showing a 56% year-over-year drop in operating income to $718 million, missing Wall Street profit estimates but delivering $1.5 billion in free cash flow. Revenue hits $28.05 billion, with deliveries beating expectations but margins pressured by higher AI and R&D spend; a potential SpaceX merger looms as executives form committees.