Mandalit del Barco
👤 SpeakerAppearances Over Time
Podcast Appearances
While shareholders approved the deal, they rejected a generous compensation proposal for Warner Brothers executives.
But that vote is non-binding, meaning the board could still give current Warner Brothers CEO David Zasloff a golden parachute, nearly $887 million.
This morning in New York, filmmakers protested the mega deal, saying the consolidation will lead to layoffs, less competition, and more media concentration by the Ellison family, which is friendly with President Trump.
In 1997, Reed Hastings co-founded Netflix with Mark Randolph.
It began as a scrappy idea to send out movie DVDs by mail in red envelopes to subscribers.
Netflix grew to be a global streaming powerhouse, now run by Hastings' successors Greg Peters and Ted Sarandos.
During a call to reporters, Sarandos praised Hastings' leadership.
In the process, Hastings defined an entirely new industry.
When his term expires in June, he says he'll focus on his philanthropy and other pursuits.
In 1997, Reed Hastings co-founded Netflix with Mark Randolph.
It began as a scrappy idea to send out movie DVDs by mail in red envelopes to subscribers.
Netflix grew to be a global streaming powerhouse, now run by Hastings' successors Greg Peters and Ted Sarandos.
During a call to reporters, Sarandos praised Hastings' leadership.
In the process, Hastings defined an entirely new industry.
When his term expires in June, he says he'll focus on his philanthropy and other pursuits.
Mandalit Del Barco, NPR News.
California Attorney General Rob Bonta says this of the proposed consolidation.
Bonta told NPR he's conducting an antitrust review because he doesn't trust the Department of Justice to do a fair investigation.