Hastings co-founded Netflix in 1997. Ted Sarandos was promoted to co-CEO alongside Hastings in July 2020.
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Vice Media restarts sale process at lower valuation, may fetch less than $1 billion
Vice Media is restarting its sale process and lowering its price expectations after previous bidders balked, according to people familiar with the matter.
Continue readingNordstrom shares sink after retailer posts weak holiday sales and slashes guidance
Nordstrom said weak sales and a ton of markdowns hurt its results during the holiday season.
Continue readingEmerging market stocks are off to a strong start in 2023 — How the outlook is shaping up
A weaker dollar, easing inflation, and a reopening in China are expected to be a boon to these markets.
Continue readingIn the fight against slowing growth, Netflix and its rivals are all in this together
Netflix shares jumped after hours after beating subscriber estimates, and that’s good news for its legacy media competitors such as Disney.
Continue readingP&G CEO’s upbeat take on the economy makes the consumer staples giant even more attractive in 2023
The chief executive of Club holding Procter & Gamble (PG) on Thursday said inflation appears to be easing and pressure from a strong U.S. dollar […]
Continue readingNetflix is set to report fourth-quarter earnings after the bell. Here’s what to expect
Netflix’s fourth-quarter earnings report is due out after the bell Thursday.
Continue readingProcter & Gamble revenue and profit fall as company looks to higher prices to offset declining sales
Procter & Gamble reported falling revenue and profit on Thursday, as higher prices struggled to offset declining sales volumes.
Continue readingLIV Golf reaches broadcast rights deal with CW Network
LIV Golf, the Saudi-funded professional golf tour that launched last year, reached a deal to broadcast its events on CW Network.
Continue readingTennis Channel will air Major League Pickleball tournament matches, deepening broadcast partnership
The Tennis Channel will broadcast Major League Pickleball’s Mesa, Arizona, tournament.
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