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Category Leisure & entertainment

Netflix chair Reed Hastings exits as earnings beat, stock drops

Netflix chair Reed Hastings exits as earnings beat, stock drops

Shares of Netflix fell sharply on Thursday after the company announced that co-founder and chairman Reed Hastings will step down, even as the strea...
BBC to slash 10% of workforce amid cost pressures, revenue strain

BBC to slash 10% of workforce amid cost pressures, revenue strain

The BBC is preparing to cut as many as 2,000 jobs, or roughly 10% of its workforce. Interim Director General Rhodri Talfan Davies announced the pro...
Disney reportedly planning up to 1,000 job cuts

Disney reportedly planning up to 1,000 job cuts

The Walt Disney Company is preparing to cut as many as 1,000 jobs in the coming weeks, marking one of the first major moves under new chief executi...
Why Raymond James sees Disney stock as undervalued

Why Raymond James sees Disney stock as undervalued

Shares of Walt Disney rose modestly on Wednesday in pre-market trading as analysts turned more constructive on the media and entertainment giant, a...
PS5 price hike signals pressure point for gaming industry: what's next?

PS5 price hike signals pressure point for gaming industry: what's next?

The global video-game industry is entering a period of recalibration after Sony raised prices of its flagship PlayStation 5 consoles for the second...