
Netflix withdrew its bid to raise the offer for Warner Bros. Discovery, clearing the path for Paramount Skydance to acquire the studio. The move followed a 30% drop in Netflix’s share price after the initial announcement and a 14% rally when the company backed down. Shareholder skepticism about a studio purchase and a stronger competing bid from Paramount were key factors. Political pressure from the Trump administration, which warned against overpaying, also influenced the decision.

Spotify announced the launch of weekly Audiobook Charts in the United States and United Kingdom, mirroring its Music and Podcast rankings. The charts, which rank titles by listening behavior and engagement, are visible to both free and premium users within...

Instagram’s Instagram for TV app expands to Google TV devices in the United States, following its December launch on Amazon Fire TV. The TV version lets users watch Reels and browse their Instagram feed on a large screen, with auto‑playing...