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Netflix stock closed the week at its highest level since last April, rising more than 8% Friday to end at $342.50 after the company reported strong subscriber growth and executed a smooth handoff atop its executive ranks. A darling of investors for most of its two-plus decades of public trading…

U.S. stocks just wrapped their worst year since 2008 with media and tech leading the downward spiral. Streaming got messy, linear TV declined, a theatrical recovery sputtered, inflation, interest rates, unemployment and geopolitics turned ugly, recession jitters hit advertising, and M&A mostly ground to a…

Shares in Netflix, Warner Bros Discovery and AMC Networks were among the top gainers in a so-called “Santa Claus rally” today near the conclusion of a rough year for media and tech stocks. The tech-heavy Nasdaq finished the day up 2.6% to finish at 10,478.09, but it remains on track for its worst…

UPDATED with closing stock price: Disney stock closed at $86.75 a share, down more than 13% as investors punished the company for its disappointing quarterly earnings report and weak earnings forecast. The single-day plunge was the biggest for Disney shares since the onset of Covid in the U.S. in…

Netflix stock dipped 1% to close the week at $230 a share as debate continued on Wall Street about the financial impact of the company’s embrace of advertising. Basic with Ads, the new subscription tier with four to five minutes of ads per hour of programming, will debut in early November in the U.S…

UPDATED with closing price. After Netflix’s better-than-expected second quarter earnings yesterday, the company’s shares continued their recent upturn as Wall Street analysts took sides on the takeaway from the report. Netflix stock rose more than 7% to close at $216.44 on more than quadruple its normal volume. It has…

UPDATED with closing price: Warner Bros. Discovery shares had a volatile debut, rising early in the session, heading lower then ending the session higher as financial analysts dissected the newly combined entity following the deal’s close on Friday. Reports out today – and more will follow – range from a thumbs-up on W…

One of the most stubborn (by his own admission) Netflix bears, Wedbush Securities analyst Michael Pachter, has issued a landmark upgrade on the streaming giant’s stock. While he still doesn’t consider it a clear “buy,” Pachter raised his rating to “neutral” from “underperform,” with a 12-month price target of $342…

Even as it celebrates its 27 Oscar nominations this week, Netflix unveiled its mega-slate of 86 titles for 2022. That’s far more than any traditional studio this year. Thus we learned that a “sea beast” is about to devour a stowaway, 16 nuclear missiles are set to be launched, a female assassin will come out of hiding…

The summer box office, starting with today’s long-anticipated release of Universal’s F9, is bringing a renewed sense of optimism about the theatrical movie business. But Robert Fishman, an exhibition analyst with Wall Street research firm MoffettNathanson, predicts the release of pent-up demand will be followed by a…

UPDATED with closing price. Disney shares fell almost 3% to close at $173.73, their lowest closing price since February 1, a day after it released mixed quarterly earnings. Shares made up ground in the final part of the trading day after starting the session down as much as 5%. But Wall Street did not take a shine to…

Bernard Madoff, the convicted Ponzi schemer whose long-term, multi-billion-dollar financial manipulations ruined clients and rattled financial markets, has died. The Federal Bureau of Prisons confirmed the death of Madoff, 82, at Federal Medical Center in Butner, N.C. The bureau told Deadline in a statement that it…