Entertainment
Netflix shares slide amid Warner Bros. acquisition concerns
Netflix shares have been under pressure since late June, with selling intensifying in October after the company emerged as a potential buyer of Warner Bros. Discovery.
Since June 30, Netflix stock has fallen roughly one-third from its peak.
The stock recently hit its lowest intraday level since April, dropping about 2% on Friday, according to GuruFocus.
Despite the decline, Netflix trades at roughly 28 times expected earnings for the next 12 months, higher than streaming rivals Disney, Amazon, and Alphabet, as well as the S&P 500 and Nasdaq 100.
However, this remains below its five-year average multiple of 34.
Investors are focused more on deal uncertainty than Netflix’s day-to-day operations. The stock fell 10% on October 22, its worst single-day drop in over three years, following earnings that raised concerns about future growth.
Attention then shifted to the potential $82.7 billion Warner Bros. acquisition, with shareholders worried about the high cost and Netflix’s lack of experience with large mergers.
Warner Bros. recently rejected a bid from Paramount Skydance, which later confirmed a $30-per-share offer but faces financing challenges, GuruFocus reported. Since June, Netflix has become the fourth-worst performing stock in the Nasdaq 100.
Opinions on Netflix’s valuation remain divided. Some investors see opportunity if the acquisition happens near the current price, while others worry about integration risks and Warner Bros.’ heavy debt.
Christopher Brown of Synovus Securities highlighted Netflix’s price-earnings-to-growth ratio of just over one, noting, “This measure looks more balanced than simple valuation ratios.”
He added the stock could rebound to $102.50–$109.70 if Netflix meets or beats fourth-quarter guidance.
Netflix is set to report earnings on January 20, with Wall Street expecting adjusted earnings of 56 cents per share on revenue of $12 billion.
Broader tech sentiment has been boosted by gains at other companies, including Alphabet, which is nearing a $4 trillion market value.
Iman marked a deeply personal moment on the 10th anniversary of her husband David Bowie’s passing with a new tattoo.
The 70-year-old model got five simple black shapes from Bowie’s last album, Blackstar, inked on her forearm.
The shapes spell out “BOWIE” in a subtle, artistic way, a permanent reminder of her love.
Sharing a video of the tattoo on Instagram, she wrote, “Jan 10th. The pain didn’t vanish.. it left in its place a loving permanent mark.”
The post featured Bowie’s 1977 song Subterraneans and fans flooded her with support, with many sending love to Iman and her family.
The post included love for Bowie and Iman’s daughter Alexandria “Lexi” Zahra Jones, and his son Duncan Jones from a previous marriage.
Just days earlier, Iman celebrated Bowie’s 79th birthday, posting a black-and-white photo with the words, “Your light burns so bright in all our hearts! We love and miss you.”
Lexi also shared heartfelt memories of her father, keeping his spirit alive.
For the unversed, Iman met Bowie in 1990 and quickly fell in love. They married twice in 1992 and stayed together until his death in January 2016.
In 2021, Iman said she still feels married to him, saying her love for Bowie will live in her memories forever.
At least six people were fatally shot on Friday night in Clay County, Mississippi, and the suspect is in custody, according to local news outlets and law enforcement, without providing further details.
The deaths occurred at three different shooting locations, according to WTVA, an NBC News affiliate.
The suspect is in custody “and no longer poses a threat to our community,” Eddie Scott, the Clay County sheriff, posted on social media.
His post did not give a specific figure for the number of fatalities, but WTVA said six people died.
Scott and the sheriff’s department did not immediately respond to a Reuters request for comment.
“I ask that you lift our victims and their families in your prayers,” Scott wrote on Facebook.
Located in north-eastern Mississippi, Clay County has a population of nearly 20,000.
Beloved character actor T.K. Carter, best known for his role as Nauls in John Carpenter’s 1982 sci-fi horror classic The Thing, has died.
He was 69.
As reported by TMZ, the police confirmed that Carter was found at his home in Duarte, California, on Friday evening, January 9, following a welfare check.
However, there’s no sign of any foul play.
An official cause of death has not been released.
The actor’s career has spanned nearly five decades, highlighting his versatility across film and television.
His breakout role came as the resourceful cook Nauls in The Thing, starring opposite Kurt Russell. He became a household name as teacher Mike Fulton on the hit sitcom Punky Brewster and later as T-Bone on The Steve Harvey Show.
With his passing, there’s an immediate outpouring of tributes from fans and colleagues online, who remembered him for his memorable performances and enduring screen presence.
He is survived by his wife, Janet Carter.
Iman honours late legend David Bowie with touching tattoo tribute
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