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Netflix has retained bank Moelis & Co. and gained access to Warner Bros Discovery’s financial data as it explores acquiring the media giant’s studio and streaming operations. The deal could give Netflix control of franchises such as Harry Potter and DC Comics, while boosting its content library. The streamer has stressed it favors building over…
Netflix is taking a surprising step back in its push into the video game world. The streaming giant has decided to shut down the internal game studio responsible for developing the game linked to its hit series, “Squid Game Unleashed.” A Shift in Strategy This closure comes even as Netflix is working hard to build…
Netflix recently released its quarterly earnings report. The report showed the company missed its profit goals. A major tax dispute in Brazil was the main cause for the shortfall. This legal problem forced Netflix to set aside extra funds. This unexpected cost severely hurt the company’s net income. The Brazilian government is challenging how Netflix…
