Netflix founder Reed Hastings to step down from board
Shares fall as much as 9% as chair announces plans to leave in June and streamer posts weak profit forecast
Shares fall as much as 9% as chair announces plans to leave in June and streamer posts weak profit forecast

Shareholder’s claims of impairments put billionaire investor Oliver Samwer’s stewardship back in the spotlight

Data from investment bank Houlihan Lokey shows 92% opting to cash out

Co-chief Greg Peters is ‘nervous for the industry’, days after streaming group cedes WBD tie-up to David Ellison’s company

Growth in theme parks and cruise lines business offsets absence of blockbusters and continued television revenue decline

Returns to musicians and writers are dwindling fast

Streaming group swings to net loss in second quarter, sending shares down 11%