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.
Entertainment
Musk’s X to open source new algorithm in seven days
Elon Musk said on Saturday that social media platform X will open to the public its new algorithm, including all code for organic and advertising post recommendations, in seven days.
“This will be repeated every 4 weeks, with comprehensive developer notes, to help you understand what changed,” he said in his X post.
Earlier this week, the European Commission decided to extend a retention order sent to X last year, which related to algorithms and dissemination of illegal content, prolonging it to the end of 2026, spokesperson Thomas Regnier told reporters on Thursday.
In July 2025, Paris prosecutors investigated the social media platform for suspected algorithmic bias and fraudulent data extraction, which Musk’s X called a “politically-motivated criminal investigation” that threatens its users’ free speech.
Last month, the European Union levied a 120 million euro ($140 million) fine on X, with regulators saying the company breached its transparency obligations under the bloc’s Digital Services Act. The fine is related to X’s “blue checkmark” subscription, lack of transparency related to its ad repository and failure to provide researchers access to the platform’s public data.
Musk replied with an obscenity under a European Commission post about the fine.
Entertainment
PCB ‘decides to hold auction’ for Multan Sultans franchise
LAHORE: The Pakistan Cricket Board (PCB) has decided to auction Pakistan Super League (PSL) franchise Multan Sultans owing to a good price secured in the recent auction of two new teams, the sources said on Sunday.
The board, last month, had announced that it would be taking over the control of the Multan Sultans owing to the expiration of its ownership agreement on December 31, 2025.
The sources, back then, had said that under the proposed plan, the PCB was to manage the franchise for one year before handing over the franchise to a new owner through an auction in 2027.
If implemented, the arrangement would save the PCB around $4 million in a year, as it would not have to pay $3m from the central pool or an additional $1m in sponsorship funds. However, an audit firm’s report notes that the PCB would not receive the franchise fee for that year, which stands at $8.5m.
In November, Multan Sultans owner Ali Tareen announced via social media that he was parting ways with the PSL franchise. Sources indicate that relations between the PCB and Ali Tareen had remained strained over the past year, eventually reaching a point of no return.
Multan Sultans were originally awarded as the sixth PSL team to the Schon Group under a $5.2m agreement, making it the most expensive franchise at the time, double the price of Karachi Kings, which was acquired for $2.6m.
Sources say that the decision to auction Multan Sultans has been made as the PCB got “a good price” in the recent auction, and the inclusion of two new teams, namely Hyderabad and Sialkot, is pushing the number of teams in PSL 11 to eight.
Therefore, the board believes that there is no better time to sell Multan Sultans as well, and an open bidding will be held with an advertisement likely to be issued soon in this regard.
An official announcement will be made soon after reviewing the legal aspects, adding sources, saying that the board expects the franchise to be sold for a good price as well.
Entertainment
‘Godzilla Minus Zero’ finally gets release date
Godzilla Minus Zero roared back with the long-awaited release date in a new update from the studios.
The sequel to the Oscar-winning film Godzilla Minus One has locked in a November 6 premiere date for North American theaters.
The newly unveiled date follows quickly on the heels of Godzilla owner Toho releasing the feature in Japan on November 3.
While no casting details regarding Godzilla Minus Zero are yet available, the title, a first-look artwork and a teaser logo was revealed previously.
The announcement of the upcoming movie was made on Godzilla Day 2025 at an event in Tokyo in the wake of Godzilla Minus One success.
The first movie took place in post-World War II Japan and centered on a Kamikaze pilot Koichi (Ryunokuke Kamiki), who lives in shame after choosing not to die in battle.
However, he ultimately finds redemption as he helps his nation deal with the monster known as Godzilla.
Additionally, reports suggested that Takashi Yamazaki will serve as a director for the new movie.
He previously won an Oscar for Best Visual Effects for the 2023 movie, for which he served as the VFX supervisor as well as the filmmaker.
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