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.
Google has introduced “Workspace intelligence” at its Cloud Next ‘26 conference on Wednesday, April 22.
This new feature aims at connecting emails, chats, files, and projects across Google Workspace for AI-powered context.
With this intelligence, Google will sync data across Gmail, Docs, Sheets, Drive, and Chat, enabling Gemini-powered agents to assess what a user is trying to accomplish.
“Ask Gemini in Google Chat” is one of the components, which functions as an integrated command line that facilitates work.
It enables users to ask for briefings for the day, create documents and presentations, get files from descriptions, and even book meetings, all through Chat itself. This feature works seamlessly with other applications such as Asana, Jira, and Salesforce.
Other significant updates are natural-language spreadsheet building in Sheets, infographic generation in Docs embedded with business data, and one-pass slide deck creation in Slides with the help of company templates.
While introducing the new sync system, Google also stressed data security. The officials confirmed that Workspace Intelligence operates using infrastructure that is compliant and does not use customer data for advertisements or machine learning without their consent.
The deployment includes administrative controls, client-side encryption, and sovereign data control capabilities for both the US and EU.
Additionally, the company also announced its eighth-generation TPU chips.
The new chips provide 2.8x better price-performance and the TPU 8i for inference, offering 80% better performance-per-dollar.
The series of new features is not completed yet, and the company is expected to roll out more in future.
Anne Hathaway is ready to wear her crown again as Queen Mia of Genovia.
The Oscar-winning actress has given a major update on Princess Diaries 3 in a new interview with Entertainment Weekly, confirming that a new installment is actively in the works 22 years after Princess Diaries 2.
“One hundred percent, we’re constantly working on it,” she said, revealing that development briefly took a backseat while filming The Devil Wears Prada 2 — another of Hathaway’s highly-anticipated sequels, which hits theatres on May 1.
“[Devil Wears Prada 2] cropped up unexpectedly and took over the space,” Hathaway explained, adding that it became impossible to focus on both projects at once. But now, the plan is clearer.
“The intention is to make Princess Diaries hopefully next,” she declared, noting that the film “is not greenlit or confirmed yet.”
Still, the demand is undeniable. But Hathaway acknowledged that “everybody wants it,” she and her TDWP costar Meryl Streep emphasised that “you’ve got to wait for the right script.”
The original Princess Diaries released in 2001 introduces Mia Thermopolis, a regular teenager who discovers she’s heir to a kingdom — a role that turned Hathaway into a household name.
Looking back at the film, Hathaway tearfully told People magazine, “This is the role that changed my life. And I’m standing with Julie Andrews, which is just insane.”
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