Top News:
Isabella Simonetti / Wall Street Journal:
Netflix chairman and co-founder Reed Hastings will step down from the company's board after his term expires in June to focus on philanthropy and other pursuits — Co-founder won't stand for re-election to the board, Netflix says in first earnings report since pulling out of Warner Discovery bid
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Lucas Shaw / Bloomberg:
Netflix reports Q1 revenue up 16% YoY to $12.3B, vs. $12.2B est., net income of $5.28B, and forecasts Q2 EPS below estimates; NFLX drops 8%+ after hours — Netflix Inc. gave a forecast for the second quarter that fell short of analysts expectations, sending the shares down in extended trading.
Bill Bradley / Adweek:
Netflix says its 2026 ad revenue remains on track to reach $3B, doubling from 2025, and it now works with over 4,000 advertising clients, up 70% YoY — Netflix reveals ad sales projections and new products on the way in 2026 … The numbers — $2.8 billion — Netflix's payment received …
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Jay Peters / The Verge:
Netflix says it will launch its redesigned mobile app, which will include a vertical video feed, at the end of April — The redesigned app is set to launch at the end of April. … Netflix announced on Thursday that it will be launching a redesigned mobile app, which will include a vertical video feed, at the end of April.
Ryan Glasspiegel / Front Office Sports:
Sources: the NFL and YouTube are in advanced talks for a five-game package; deal price and duration were not immediately known — The NFL and YouTube have entered a long-form contract review for a five-game package, Front Office Sports has learned. — While a deal has not been finalized …
Katie Robertson / New York Times:
Notus will rename itself The Star and relaunch in early June as it adds local news and sports coverage; source: Robert Allbritton will add ~$30M to its funding — The Washington publication is rebranding as it expands its local news and sports coverage in the wake of substantial layoffs at The Washington Post.
David Folkenflik / NPR:
NPR receives two of its largest ever gifts: $80M for innovation in use of digital tech and $33M to build and buy tools to be shared with US public media orgs — NPR has received two of the largest gifts in the public media network's existence, totalling $113 million.
Rebecca Keegan / NBC News:
Paramount CEO David Ellison makes an unexpected appearance at CinemaCon, promising a 45-day theatrical window for all Paramount movies going forward — The Paramount Skydance chief spoke at CinemaCon in Las Vegas on Thursday, after opting out of a congressional hearing on the merger earlier this week.
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Todd Spangler / Variety:
At a US Senate hearing on Paramount-WBD, Mark Ruffalo said the merger threatens the free press and democracy; Sen. Chuck Schumer called the merger a “nightmare”
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Corbin Bolies / The Wrap:
Memo: Condé Nast is shuttering Self magazine, folding its content into other brands, and winding down Glamour's publishing arms in Mexico, Spain, and Germany — The company will also stop publishing Wired's Italian edition and several of Glamour's international editions
Discussion:
New York Times, The Guardian, @emily_sundberg, Semafor, Showbiz411, @katie_robertson, @jayasaxena.com, Fashionista, @tati_wm and The Cut
Chris Welch / Bloomberg:
Roku says it is in 100M+ homes globally and its devices are used by “more than half of all US broadband households”; Roku had $4.15B in 2025 platform revenue — Roku Inc. said more than 100 million households are using its streaming platform, marking another milestone …
Daniel Thomas / Financial Times:
The UK CMA tells Getty Images to sell Shutterstock's editorial business, which includes Backgrid and Splash, to secure approval for the $3.7B merger of the two — CMA warns that $3.7bn merger of photo agencies depends on sale to address competition concerns
Discussion:
Bloomberg
Emily Zemler / The Wrap:
A look at Doug Liman's $70M Bitcoin: Killing Satoshi movie, which uses AI for sets, lighting, and more in post-production, cutting costs from an estimated $300M — “Bitcoin: Killing Satoshi” will be looking for buyers at Cannes and is billed as the first fully-generated, studio-quality AI feature film
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