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1:55 AM ET, January 21, 2026

Mediagazer

 Top News: 
Caitlin Huston / The Hollywood Reporter:
Greg Peters says Netflix plans to bring new content types like video podcasts to its vertical video feed, and plans to roll out a new mobile UI later in 2026  —  The streamer plans to add video podcasts into its mobile feed and upgrade its mobile user interface.
RELATED:
Lucas Shaw / Bloomberg:
Netflix reports Q4 revenue up 18% YoY to $12B vs. $11.97B est., 325M paid subs, 2025 revenue up 16% to $45.2B, plans to increase content spend by 10% in 2026  —  Netflix Inc. delivered fourth-quarter results that largely beat Wall Street estimates but issued a cautious forecast for the months ahead …
Alex Weprin / The Hollywood Reporter:
Netflix co-CEO Ted Sarandos outlines increasing competition for customers' attention from YouTube, Instagram, linear networks that also do streaming, and more  —  “TV is not what we grew up on.  TV is now just about everything," the Netflix co-CEO says, outlining the threat from traditional studios …
Discussion: Media Play News
Dade Hayes / Deadline:
Netflix's ad revenue hit $1.5B in 2025, up by more than 2.5x vs. 2024, and viewing hours grew 2% YoY in H2, driven by a 9% rise in viewing of branded originals  —  Earnings per share came in a penny ahead of expectations at 56 cents, while revenue of $12.051 billion exceeded the target of around $12 billion.
Todd Spangler / Variety:
Netflix and WBD say Netflix revised its WBD offer to an all-cash deal for $27.75/share, with the same $82.7B value; its original bid had $59B in debt financing  —  Netflix and WBD announced Tuesday that they amended their definitive agreement for Netflix's proposed acquisition of Warner Bros. assets …
RELATED:
Bloomberg:
Sources: banks including Wells Fargo, BNP Paribas, and HSBC began selling an extra $8.2B of short-term loans to help Netflix fund its WBD purchase  —  Banks including Wells Fargo & Co. on Tuesday started selling, or syndicating, an extra $8.2 billion of short-term loans to help Netflix Inc. fund …
Discussion: New York Post
@erikwemple:
The US House Armed Services Committee formally asks the Defense Department how it plans to safeguard Stars and Stripes' congressionally required independence  —  A little followup on the Pentagon's move to “refocus” Stars and Stripes: The House Armed Services Committee has sent a bipartisan query to the Defense Department asking how it plans to safeguard the publication's congressionally required independence, among other questions.
Rick Porter / The Hollywood Reporter:
Nielsen: Christmas Day 2025 set a record for US streaming usage with 55.1B minutes, or 54% of all TV viewing for the day, beating Christmas 2024 by 3.9B minutes  —  The month of December also marked another all-time high for streaming usage.  —  With three streaming-exclusive NFL games …
Cecilia Kang / New York Times:
Snap reaches an agreement to settle a social media addiction lawsuit, a week before the start of a trial in the first of several such lawsuits  —  The settlement means Snap will avoid a trial where plaintiffs had planned to argue that social media platforms are inherently defective and subject to personal injury liability.
Dade Hayes / Deadline:
A jury has found Edo, a TV ad measurement company, liable for breach of contract and says Edo must pay $18.3M in damages to rival iSpot; Edo plans to appeal  —  EDO, an advertising technology firm co-founded by actor and filmmaker Edward Norton, has been found liable for breach of contract by a federal jury.
Katie Atkinson / Billboard:
Penske Media names Leila Cobo and Jason Lipshutz as co-chief content officers of Billboard, overseeing editorial content and newsroom operations  —  The pair will share oversight of Billboard's editorial content and newsroom operations. … Leila Cobo and Jason Lipshutz have been promoted …
 
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 More News: 
Ivan Mehta / TechCrunch:
Netflix adds a real-time voting feature for its Star Search reboot, available on mobile, smart TVs, and streaming devices, but not on a browser
Caitlin Huston / The Hollywood Reporter:
Adobe pledges ~$10M in grants and product donations in 2026 to support filmmakers, including funding creators directly for the first time
Peter White / Deadline:
Alan's Universe creator Alan Chikin Chow, whose YouTube channel has 99M subscribers, is working on a Netflix show, joining other major YouTubers at the streamer
 Earlier Picks: 
Alex Weprin / The Hollywood Reporter:
Filings: WBD projects CNN will generate $1.8B in revenue and $600M in adjusted EBITDA for FY 2026; docs show CNN had revenue of $2.2B in 2021 and $1.8B in 2023
Jess Weatherbed / The Verge:
Sony and TCL sign a non-binding agreement to spin off Sony's TV and home audio hardware business into a new joint venture, aiming to finalize the deal by March
Meredith Klein / Meredith & The Media:
Q&A with Josh Sternberg, executive editor at Morning Brew, about leading Morning Brew's editorial strategy, the ever-changing media landscape, and more
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Meta invests $900M into Indian fintech Cred for a ~20% stake, and plans to appoint Cred founder Kunal Shah as the leader of WhatsApp, replacing Will Cathcart

Samantha Subin / CNBC:
SpaceX announces a senior unsecured notes offering and discloses that it has about $100.8B in cash; SPCX drops 8%+

Jay Peters / The Verge:
Valve says Steam Machine, its new living room-friendly PC, will start at $1,049 for the 512GB base model, and go on sale starting June 29
 
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