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Established streaming industry leaders like Netflix and Amazon are facing more competition than ever. Now legacy entertainment giants are in the game with their own subscription services, like Peacock, HBO Max, Paramount Plus, and the Disney Plus / Hulu / ESPN Plus bundle, while Apple TV Plus attacks around the edges. Meanwhile, the rise of ad-supported free platforms like Roku Channel and Pluto TV has attracted enough attention that Plex, YouTube, and Amazon’s Freevee are trying to get a chunk of the action too.

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Terrence O'Brien
Netflix Co-CEO Ted Sarandos says he’s not pivoting to another studio after losing out on Warner Bros.

In an interview with Bloomberg, he explained why he backed out of the deal and said Netflix pursued Warner because it was a unique opportunity. “We definitely wanted this asset. We didn’t need it,” he said, praising its “incredible IP” and long history. But he was clear the plan was to just move on:

Is there a world in which you guys go after another studio in the next 6 to 12 months?

Unlikely. We are builders, not buyers. All that is still true.

So how are you going to use that $2.8 billion?

Just keep investing in the business.

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Richard Lawler
Warner Bros. says Paramount’s latest offer is superior to its current deal with Netflix.

A four-day clock for Netflix to respond just started, but here are the details of the offer that include a starting price of $31 per share and other assurances, like:

“…a $7 billion regulatory termination fee payable by PSKY in the event the transaction does not close due to regulatory matters, payment by PSKY of the $2.8 billion termination fee that WBD would be required to pay to Netflix to terminate the existing Netflix merger agreement, an obligation of Larry J. Ellison and an associated trust to contribute additional equity funding”

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Terrence O'Brien
Qobuz is automatically detecting and labeling AI music now, too.

Deezer started labeling AI content last year. Now Qobuz is doing the same. It’s also enacting an AI charter promising “The heart of Qobuz is and will remain human,” saying curation and editorial won’t be AI-driven. It stopped short of banning AI content, which some customers have been asking for.

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Andrew Webster
Take me down to the Star City.

With season 5 of For All Mankind streaming next month, Apple’s showing off a first look at its upcoming spinoff. Star City is shown from the Soviet Union’s perspective as it becomes the first country on the moon, offering an alternate view of this alternate history. It starts streaming on May 29th.

A still photo from the Apple TV series Star City.
A still photo from the Apple TV series Star City.
A still photo from the Apple TV series Star City.
A still photo from the Apple TV series Star City.
A still photo from the Apple TV series Star City.
A still photo from the Apple TV series Star City.
A still photo from the Apple TV series Star City.
A still photo from the Apple TV series Star City.
1/8Image: Apple
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Jess Weatherbed
YouTube’s algorithm loves feeding AI slop to kids.

After watching popular children’s channels like CoComelon, Bluey, or Ms. Rachel, The New York Times found that more than 40 percent of Shorts recommended by the platform “appeared to contain AI-generated visuals.” YouTube doesn’t require animated AI videos for children to be labeled, placing all moderation burdens on parents instead.

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Emma Roth
Paramount Plus closed out 2025 with 79 million subscribers.

The entertainment giant remains tight-lipped on its negotiations with Warner Bros. Discovery, but said its streaming business earned $2.2 billion in revenue over the past few months, marking a 10 percent year-over-year increase.

CFO Dennis Cinelli said during an earnings call that the company will “realize” the impact of the recent Paramount Plus price hike this quarter.

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Lauren Feiner
Paramount CEO David Ellison is Sen. Lindsey Graham’s guest at the State of the Union.

The South Carolina Republican said he’s bringing along Ellison, son of Trump ally and billionaire Larry Ellison, as his guest to the address. Paramount is in the midst of its persistent attempt to buy Warner Bros. Discovery over Netflix — a deal Trump said he’d be involved in before backtracking.

Sen. Lindsey Graham X Post

[X (formerly Twitter)]

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Richard Lawler
Warner Bros. says Paramount Skydance’s new bid might become better than Netflix’s.

Warner Bros. Discovery is telling shareholders it’s “continuing to engage” with Paramount after receiving its latest offer yesterday.

The new bid offers $31 per share, “a daily ticking fee equal to $0.25 per quarter beginning after September 30, 2026,” plus $7 billion from Paramount if regulators block the deal, and $2.8 billion to pay Netflix’s termination fee, among other details. If the board likes this bid better, it says Netflix will have four days to respond.

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Meredith Haggerty
We’re doing Pride and Prejudice again.

Jane Austen’s signature work is being adapted for Netflix. Think Pride and Prejudice and Zombies (2016), but no zombies, so think the 2005 film starring Keira Knightley and Matthew Macfadyen, but a series, so think the 1995 miniseries starring Jennifer Ehle and Colin Firth.

It’s scheduled for release sometime later this year; Emma Corrin and Jack Lowden star.

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Jay Peters
For All Mankind’s fifth season debuts in March.

The 10-episode season kicks off on March 27th on Apple TV. Based on a trailer, it looks like things will get tense between Earth and Mars.

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Emma Roth
How Roku bounced back from a post-pandemic slump.

Roku CFO Dan Jedda tells The Wall Street Journal that the company’s new ad deals, coupled with cost-cutting in areas like its smart home products, helped boost its annual profit in 2025 to $88.4 million. The company reported losses three years in a row following the pandemic.

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Jay Peters
Netflix will livestream a rematch between Floyd Mayweather and Manny Pacquiao.

Netflix’s latest livestreamed boxing match will take place on September 19th at the Las Vegas Sphere.

If you buy something from a Verge link, Vox Media may earn a commission. See our ethics statement.

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Richard Lawler
Ted Sarandos: “This is a business deal, it’s not a political deal.”

The Netflix boss is apparently not too worried about Trump’s meddling in his company’s attempt to purchase Warner Bros. He told BBC Today that Netflix’s offer left Hollywood with five major studios instead of four, and Trump, “likes to do a lot of things on social media.”

However, on Monday afternoon, Bloomberg reported Paramount Skydance has submitted another competing offer, improving on its previous $30 per share bid.

Hank Green will gladly take billionaire money for education videos

The former Complexly owner lets loose on YouTube, AI, and why he turned his educational company into a nonprofit.

Nilay Patel
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Charles Pulliam-Moore
Disney wouldn’t let Tony Gilroy say “fascism.”

Now that Andor has come to end, series creator Tony Gilroy is free to speak more openly about what it was like working for Disney, and in a recent interview with The Hollywood Reporter he says that the studio was very insistent on him not using the word “fascism” while talking about his show focused on fighting fascism.

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Charles Pulliam-Moore
I Am Frankelda is coming to Netflix

I Am Frankelda co-writer / directors Arturo and Roy Ambriz’s stop motion dark fantasy film about a girl with a strange connection to another dimension — has been acquired by Netflix and is slated to debut on the streamer sometime later this year.

The Pitt has a sharp take on AI

HBO’s medical drama has been teasing out a smart story about what makes gen AI so tempting and concerning.

Charles Pulliam-Moore
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Jay Peters
YouTube’s AI chatbot, now on TV.

YouTube is starting to test its conversational AI tool with a “small group of users” on smart TVs, gaming consoles, and streaming devices. The tool, first introduced in 2023, lets you ask questions about the videos you’re watching.

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Charles Pulliam-Moore
A dragon queen of the seven kingdoms.

Though HBO still hasn’t announced a firm release date for House of the Dragon’s upcoming third season, there’s a new trailer teasing out Rhaenyra’s plan to make her enemies pay using her squad of newly-tamed dragons. The new season drops some time in June.

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Richard Lawler
YouTube was broken, but now it’s back.

A partial YouTube outage knocked out access to Google’s video service on Tuesday night.

The outage appears to have started just before 8PM ET, but at least on the homepage, it appears to be resolved now. A note on YouTube’s support page says it went down due to problems with the recommendations system. “The issue with our recommendations system has been resolved and all of our platforms (YouTube.com, the YouTube app, YouTube Music, Kids, and TV) are back to normal!

Update: The service is back online.

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Stevie Bonifield
‘All Dropout, all the time.’

Starting on February 18th, Dropout fans will be able to drop into a new 24/7, ad-free livestream channel on the comedy-focused streaming service. “Dropout 24/7” will run all of its content, including the TTRPG series Dimension 20, improv comedy shows Game Changer and Make Some Noise, and more, starting with a Dimension 20 marathon.

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Lauren Feiner
The social media addiction trial is delayed — again.

Just after we entered the courtroom, we learned that a juror has been hospitalized. The parties decided to postpone today’s testimony from former Meta employees to see if the juror can return. Regardless, Meta CEO Mark Zuckerberg is expected to testify tomorrow — either before the original juror, or an alternate.

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Charles Pulliam-Moore
Put a hat on that baby.

The latest trailer for The Mandalorian and Grogu really highlights how very, very young Grogu still is for one of Yoda’s species, which makes it seem that much more absurd that Din Djarin still hasn’t found his son a helmet to protect that (presumably) soft head.

A Star is born

One night in the audience of Netflix’s most ambitious live show yet.

David Pierce
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Terrence O'Brien
Spotify’s CEO bragged that it’s paying its best developers not to code.

During the company’s Q4 earnings call, Gustav Söderström revealed that Spotify had fully embraced vibe coding. AI is coming for a lot of jobs, and software developer is high on the list of those in danger. Still, it’s shocking that the top devs at Spotify haven’t written any code in 2026. Per Business Insider:

“When I speak to my most senior engineers — the best developers we have — they actually say that they haven’t written a single line of code since December… They actually only generate code and supervise it.” - Spotify CEO Gustav Söderström