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
Discussion:
Business Today, EasternEye, Benzinga, The Irish Times, Malay Mail, BMI, City A.M., Fortune India, The Sun Malaysia, Agence France-Presse, Yahoo Finance, Deadline, Business Insider, Dylan Jones on LinkedIn, Forbes, Variety, IndieWire, CNN, Reuters, Axios, Sweden Herald, TheDesk.net, Silicon Valley Business …, Daily Mail, Financial Times, The Information, The Wrap, New York Times, The Verge, CBC News, Associated Press, Bloomberg and The Hollywood Reporter, more at Techmeme »
RELATED:
Jennifer Maas / Variety:
Filing: Netflix co-CEO Ted Sarandos received $53.9M in 2025 compensation, down from $62M in 2024; co-CEO Greg Peters received $53.2M, down from $60M in 2024 — Netflix co-CEOs Ted Sarandos and Greg Peters saw their compensation come in just above $53 million in 2025, which actually marked …
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.
Discussion:
The Wrap, Quartz, Yahoo Finance, The Guardian, Netflix, Daily Mail, Reuters, The Times, Watcher Guru, Silicon Republic, Fortune, Thurrott, Tubefilter, Nikkei Asia, Coinpaper, The Motley Fool, TechCrunch, RTL Today, Los Angeles Times, Benzinga, ZeroHedge News, The Streamable, MarketWatch, Business Insider, Deadline, Sherwood News, Media Play News, The Hollywood Reporter, Variety, Proactive, CNBC, Outlook Business and Realscreen, more at Techmeme »
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 …
Reshmi Basu / Bloomberg:
QVC Group, owner of TV shopping channels QVC and HSN, files for bankruptcy as part of a plan to cut more than $5B in debt; shares closed down 69% on Thursday — Television shopping network QVC Group filed for bankruptcy Thursday as part of a plan to cut more than $5 billion of debt …
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.
Discussion:
@akbarsahmed, @r_allbritton, @abbydphillip, The Wrap and @phillewis.bsky.social
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 …
Rebecca Keegan / NBC News:
At Cinemacon, Paramount CEO David Ellison promises a 45-day theatrical window for Paramount films and at least 30 films per year after the WBD acquisition — 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.
Discussion:
ScreenRant, The Hollywood Reporter, @thatrebecca, New York Times, @davidpoland, @thewrap, @seanfennessey, @thatrebecca, The Wrap, Newser, LAmag, Los Angeles Times, Associated Press, IndieWire, Bloomberg, Reuters, The Guardian, Deadline, Variety, Media Play News, Breitbart and The Independent
George Winslow / TV Tech:
IAB and PwC: digital ad revenue hit $294.6B in 2025, up 13.9% YoY; social media advertising hit $117.7B, up 32.6%, and digital video ads hit $78B, up 25.4% — The 13.9% pop was driven by social media, up 32.6% to $117.7 billion and digital video, up 25.4% to $74 billion last year
Discussion:
IAB, Music Ally, MediaPost, IAB, Radio & Television …, Interactive Advertising Bureau, Search Engine Journal, Barrett Media and Inside Radio
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
Sandor Zsiros / Euronews:
Hungary's Prime Minister-elect Peter Magyar says he plans to suspend state broadcaster MTVA and “create independent, objective, and impartial conditions” — Magyar has threatened to suspend the state broadcaster following a heated on-air clash, accusing it of spreading …
Discussion:
Balkan Insight, @acosta, @magyarpetermp, @jayinkyiv, HuffPost, @susanmcp.bsky.social, New York Sun, The London Economic, Reuters, @0_0a023310, TheJournal.ie, @marquardta, @imranicus.bsky.social, @newsguy.bsky.social, @pippamusgrave1, @magyarpetermp, @ashokdadhwal196, @mariatad and Reuters
Rebecca Bellan / TechCrunch:
AI video startup Luma launches Innovative Dreams, a production company, in partnership with Wonder Project, a religious film and TV streamer on Amazon Prime — AI video generation startup Luma has launched Innovative Dreams, a production company built in partnership with Wonder Project …
