Netflix Tumbles 9% as Weak Earnings Forecast Deepens Doubts Over Growth

 The Netflix logo is pictured at the company's Hollywood studio offices at Sunset Bronson Studios in Los Angeles, California on December 5, 2025. (AFP)
The Netflix logo is pictured at the company's Hollywood studio offices at Sunset Bronson Studios in Los Angeles, California on December 5, 2025. (AFP)
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Netflix Tumbles 9% as Weak Earnings Forecast Deepens Doubts Over Growth

 The Netflix logo is pictured at the company's Hollywood studio offices at Sunset Bronson Studios in Los Angeles, California on December 5, 2025. (AFP)
The Netflix logo is pictured at the company's Hollywood studio offices at Sunset Bronson Studios in Los Angeles, California on December 5, 2025. (AFP)

Netflix's shares tumbled ‌9.2% before the bell on Friday following another weaker-than-expected earnings forecast from the streaming major, deepening doubts about its ability to sustain growth momentum.

While the company has gone beyond its traditional subscription-driven model, relying on advertising, live content and price hikes to boost revenue per user, it has been locked in a battle for user attention with traditional media such as Walt Disney ‌and social ‌media such as YouTube. The ‌stock ⁠is down more than ⁠44% since hitting an all-time high in June 2025.

"The story lacks excitement," said Jeffrey Wlodarczak, analyst at Pivotal Research Group.

Subscriber growth remains central to Netflix's business, he said, adding that younger audiences are increasingly gravitating toward free social ⁠media platforms over long-form content.

"We ‌believe this will ‌result in slower subscriber growth and attempts by the company ‌to offset this via more aggressive ‌price increases and investment in content."

The company forecast quarterly earnings per share and revenue below analyst estimates for a second quarter in a row, on Thursday, ‌with at least 11 analysts lowering their price targets.

The streaming giant will also ⁠cut ⁠its twice-yearly release of a viewing-hours report to once a year starting in January 2027. It stopped publishing quarterly subscriber numbers in 2025.

The first half of 2026 did little to ease bearish concerns, and the second half's content slate is weaker compared to a year ago, fueling the bear case, according to Jefferies analysts.

Netflix's shares were trading at 19.92 times 12-month forward profit estimates, compared with 13.54 for Walt Disney and Comcast's 6.57.



Jury to Hear Closing Arguments in Tupac Killing Trial

Duane Davis enters the courtroom during his murder trial, related to the 1996 killing of rapper Tupac Shakur, in Clark County District Court at the Regional Justice Center in Las Vegas, Nevada, US, August 27, 2026. (Reuters)
Duane Davis enters the courtroom during his murder trial, related to the 1996 killing of rapper Tupac Shakur, in Clark County District Court at the Regional Justice Center in Las Vegas, Nevada, US, August 27, 2026. (Reuters)
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Jury to Hear Closing Arguments in Tupac Killing Trial

Duane Davis enters the courtroom during his murder trial, related to the 1996 killing of rapper Tupac Shakur, in Clark County District Court at the Regional Justice Center in Las Vegas, Nevada, US, August 27, 2026. (Reuters)
Duane Davis enters the courtroom during his murder trial, related to the 1996 killing of rapper Tupac Shakur, in Clark County District Court at the Regional Justice Center in Las Vegas, Nevada, US, August 27, 2026. (Reuters)

Closing arguments are set for Monday in the trial of an ex-gang leader accused of masterminding the drive-by killing of hip-hop legend Tupac Shakur in Las Vegas, a cold case that became emblematic of violence permeating 1990s rap culture.

Duane "Keffe D" Davis, 63, is charged in Nevada's Clark County with a single count of murder using a deadly weapon. He has pleaded not guilty.

Davis is accused of leading a group of men to kill Shakur, 25, who was one of rap's most commercially successful and influential ‌artists, in ‌retaliation for the beating of his nephew.

Police say they long ‌suspected ⁠Davis but did ⁠not have enough evidence to charge him until he went public with his story in media appearances and a memoir, which, along with tapes of his secret meetings with investigators, make up most of the prosecution’s case.

Prosecutors with the Clark County District Attorney’s Office are likely to argue that Davis’ story is generally consistent and that he has essentially admitted to arranging Shakur’s killing, which under Nevada law is enough to be charged ⁠with murder.

DAVIS' WORDS WERE BRAVADO, SAYS LAWYER

Davis’ lawyer told jurors during ‌opening statements that his client’s words were mere ‌bravado and could not be corroborated. He also said there is no hard evidence to back ‌up Davis’ claim or even prove he was in Las Vegas at the ‌time of the killing.

Over the past two weeks, prosecutors played hours of recordings for jurors, including public interviews and secret meetings with investigators, where Davis said he was enraged after Shakur and his entourage beat up Davis’ nephew at a Las Vegas casino on September 7, ‌1996.

Davis and three other men, including his nephew, went looking for Shakur and his record executive Marion “Suge” Knight in a ⁠white Cadillac on ⁠the night of the beating, he told police during an unrelated investigation. Davis said he passed a gun to the backseat, and when they found Knight and Shakur’s car, one of the two men in the back opened fire.

Prosecutors have not named the shooter, and the three other men in the car have since died.

Davis was a leader of the South Side Compton Crips, a Los Angeles-area street gang that feuded with rival gang Mob Piru, which was associated with Shakur and his record label Death Row Records.

Shakur's killing in 1996 became a seminal moment in rap history and heightened hip-hop culture's violent image during “gangsta” rap’s heyday, an era defined by feuding between East and West Coast artists.

Relatives of Shakur are attending the trial and have said they hope it can bring them long-awaited closure.


Movie Stars, Timely Documentaries and Awards Hopefuls Convene at the Venice Film Festival

George Clooney poses on the red carpet at the premiere of his film "The Ides of March," opening the 68th edition of the Venice Film Festival in Venice, Italy on Aug. 31, 2011. (AP)
George Clooney poses on the red carpet at the premiere of his film "The Ides of March," opening the 68th edition of the Venice Film Festival in Venice, Italy on Aug. 31, 2011. (AP)
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Movie Stars, Timely Documentaries and Awards Hopefuls Convene at the Venice Film Festival

George Clooney poses on the red carpet at the premiere of his film "The Ides of March," opening the 68th edition of the Venice Film Festival in Venice, Italy on Aug. 31, 2011. (AP)
George Clooney poses on the red carpet at the premiere of his film "The Ides of March," opening the 68th edition of the Venice Film Festival in Venice, Italy on Aug. 31, 2011. (AP)

August can be a dreary month for Hollywood glamour, but the Venice Film Festival is on the horizon to kick off the busy fall film festival season in style.

There will be plenty of stars gracing the red carpets when the 83rd edition of the festival kicks off Wednesday on the Lido: Noel and Liam Gallagher, Robert Pattinson, Rooney Mara, George Clooney and Penélope Cruz are among those expected to attend. Some of the films may even become Oscar nominees.

But the mood feels a little different this year. There will always be a spotlight for the Hollywood contingent and the awards hopefuls posing on boats and docks in designer duds. Yet, in a lineup featuring Pattinson as “To Catch a Predator” host Chris Hansen, Dakota Johnson as Marilyn Monroe, Guy Pearce as Rupert Murdoch and Clooney as, well, himself (he’s getting a lifetime achievement award, as is Ellen Burstyn), it’s possible that much of the attention will be on a man who (probably) won’t be there: Elon Musk.

Docs feature Musk, Russia and Gaza

Alex Gibney’s nearly four-hour documentary about the world’s richest man has been in the works for almost four years. The Oscar-winner wasn’t sure about taking it on at first, but a good friend convinced him it would be a worthy portrait of 21st-century power — and this was before the 2024 presidential campaign and DOGE.

When the documentary was announced, Musk called it a “hit piece” on social media. Gibney replied, “How would you know?”

In fact, Gibney told The Associated Press he started off as a kind of admirer — as well as a Tesla owner — and sincerely wanted to talk to Musk for the film.

“Ultimately, he didn’t want to talk to me,” Gibney said. “But then you start, you know, digging into the facts and you follow them where they lead. And where they led, for me, was to a place that upended the myth, I would say, of Elon Musk as a kind of modern Leonardo da Vinci ... I think that the news in this film is that Musk isn’t an inventor. He’s a confidence man.”

The filmmakers talked to hundreds of people on and off the record to compile a sweeping picture of the Tesla and SpaceX CEO who, Gibney said, is not dissimilar to the guys at Enron or Elizabeth Holmes. He was most surprised by how many people seemed to be afraid to be on camera talking about Musk — even his admirers wanted permission first.

“I thought, wow, for such a big and powerful person, that seems awfully weak,” Gibney said.

But while it’s a “dark and dangerous topic,” Gibney said, the film is also a “fun ride.”

The same could be said of “My Undesirable Friends: Part II — Exile,” in which Julia Loktev continues her sprawling portrait of independent Russian journalists after the invasion of Ukraine.

The conflict in Gaza will also take center stage in the documentary “NAZA,” a late addition to the competition, from two of the filmmakers behind the Oscar-winning “No Other Land.”

Unlike last year, no large-scale protests are planned, but the group Venice4Palestine did call on the festival to “suspend all agreements with entities and institutions linked to the Israeli government." It also asked that the Palestinian flag be flown throughout.

Hollywood eyes awards in Venice

Part of the intrigue of Venice is how it might play into the Oscar race — it’s usually good for a best picture nominee or two.

Martin McDonagh’s “Wild Horse Nine,” starring John Malkovich and Sam Rockwell as 1970s CIA agents, seems like a promising candidate after his last two films debuted at Venice and went on to nominations. “The Father” filmmaker Florian Zeller returns with “Bunker,” a psychological thriller with Cruz and Javier Bardem. Danny Boyle looks at a turning point in tabloid media in “Ink.” And there's much curiosity around Lance Oppenheim’s “Primetime,” for Pattinson’s performance and for its examination of reality television culture in the early 2000s.

Japanese filmmaker Hirokazu Kore-eda is also debuting “Look Back,” about two small-town girls who aspire to be manga artists. And Korean auteur Lee Chang-dong examines themes of labor and freedom through two married couples in “Possible Love.”

This is also a year in which big Hollywood hasn’t needed the sheen of the international film festival. Cannes was bereft of a big blockbuster, and the industry went on to have one of its highest-earning summers ever. The reigning best picture winner, “One Battle After Another,” skipped festivals entirely.

Venice might have more Hollywood films than Cannes did, but following several years in which fates might have been prematurely decided for both would-be contenders, like “After the Hunt” and “The Smashing Machine,” and blockbusters like “Joker: Folie à Deux,” it too seems a bit more muted — at least on paper.

Venice fails in its pledge to women

And then there is the subject of women, specifically those behind the camera. There is only one in the main competition: Danish-Egyptian director May El-Toukhy. The same thing happened in 2018, prompting the festival that year to sign a pledge to have at least half of the films in competition be directed by women by 2020, which they have yet to achieve.

Adding more insult to injury is the fact that Maggie Gyllenhaal, whose first film “The Lost Daughter” won Venice's best screenplay prize in 2021, is presiding over a jury which includes Kaouther Ben Hania, whose film “The Voice of Hind Rajab” won the Silver Lion last year when there were six female-directed films in the competition.

Only seven women have won the Golden Lion, including Laura Poitras with “All the Beauty and the Bloodshed,” who is returning this year with a short film she co-directed with Rachel Lauren Mueller about US Immigration and Customs Enforcement in Minneapolis. “They’re Here” is part of the Venice Open section, which also includes Gyllenhaal’s Marilyn Monroe short “Flesh Impact.”

Outside of the main competition, there are also documentaries from Loktev, Barbara Kopple and Elizabeth Chai Vasarhelyi. There are several others in the Horizons sections as well, including a short from Saoirse Ronan.

Opening Venice Days on Wednesday is Hungarian filmmaker Lili Horvát’s English-language debut, “My Notes on Mars,” about a couple — Rupert Friend and Mackenzie Davis — whose marriage is in trouble when the wife, a scientist, mysteriously disappears and then reappears the day of her memorial service.

“The story argues for great love,” Horvát said. “Yet it shows the eternal limits of knowing the person we are in love with.”

Venice Days is an independent sidebar in which more than half the selections are by women, including several high-profile shorts from filmmakers like Mona Fastvold and Claire Denis.

“It’s good to be in a progressive section,” Horvát said.


Tom Cruise Announces a Follow-up Film to ‘Days of Thunder’ to Hit Theaters in 2028

Tom Cruise attends the drivers meeting prior to the NASCAR Cup Series Coke Zero Sugar 400 at Daytona International Speedway on August 29, 2026 in Daytona Beach, Florida. (Getty Images/AFP)
Tom Cruise attends the drivers meeting prior to the NASCAR Cup Series Coke Zero Sugar 400 at Daytona International Speedway on August 29, 2026 in Daytona Beach, Florida. (Getty Images/AFP)
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Tom Cruise Announces a Follow-up Film to ‘Days of Thunder’ to Hit Theaters in 2028

Tom Cruise attends the drivers meeting prior to the NASCAR Cup Series Coke Zero Sugar 400 at Daytona International Speedway on August 29, 2026 in Daytona Beach, Florida. (Getty Images/AFP)
Tom Cruise attends the drivers meeting prior to the NASCAR Cup Series Coke Zero Sugar 400 at Daytona International Speedway on August 29, 2026 in Daytona Beach, Florida. (Getty Images/AFP)

Tom Cruise stood up from his chair in front of 40 race-car drivers, jumped over a row of potted plants and directly onto a stage.

It was his first of many stunts to come at Daytona International Speedway.

The 64-year-old Cruise announced Saturday he will reprise his role as NASCAR driver Cole Trickle in a follow-up to “Days of Thunder.” He waved the green flag on it hours before the Cup Series' regular-season finale at Daytona and then showed up for the pre-race drivers' meeting.

“It’s not just about racing,” Cruise told the packed room that included NASCAR executives, fans, corporate sponsors and military personnel. "It’s about the community and the people here. There’s something very special about racers and the whole community. It’s a culture, and I was very proud to be able to reflect that in the first ‘Days of Thunder,’ and I am honored to share it with the world. ...

“That’s basically what we’re going to really go for with this one. Give the audience that opportunity to understand what it is as a team, as a community, what it is for NASCAR, and the speed, the excitement and all that danger and stuff.”

Anne Hathaway will co-star as a team owner and engineer in the film scheduled to be released by Paramount Pictures on June 2, 2028.

Cruise will serve as a producer alongside Jerry Bruckheimer and Tommy Harper. Jonathan Levine is set to direct the script written by Will Staples. Bruckheimer, Harper and Staples joined Cruise at the drivers' meeting.

Cruise posed for pictures with anyone who asked and shook hands with military members before getting whisked away in a black SUV. He was expected to spend some time during the race on pit road — about as close to the action as possible without being behind the wheel.

The Hollywood Reporter reported in November 2024 that Cruise had talked to Paramount about a follow-up to his 1990 NASCAR racing film. The original was a critically panned summer blockbuster that was largely lampooned throughout the NASCAR industry for its exaggeration and overindulgence.

It has since become a cult favorite in NASCAR circles and is still quoted by race fans to this day.

“Rubbin’, son, is racin’” — the immortal line from crew chief Harry Hogge, played by Robert Duvall — still lives on today.

Riding high from his “Top Gun” fame and having grown up racing cars on the “back streets of Kentucky," Cruise had an idea for a movie based on fast cars and the characters who raced them. And so began the making of “Days of Thunder.”

Cole Trickle was loosely based on the late NASCAR driver Tim Richmond. Four-time Cup Series champion Jeff Gordon, now vice chairman at Hendrick Motorsports, openly lobbied for Cruise to bring a “Days of Thunder” sequel to life.

Gordon and Cruise have become friends over the years — Cruise showed up at a 2015 NASCAR banquet to honor the retiring Gordon — which could boost the prospect of Gordon and Hendrick Motorsports’ involvement in a sequel.

The movie introduced NASCAR to a wider audience that had very limited exposure to stock-car racing before that summer. There had been racing movies before — think “Thunder Road,” “The Last American Hero,” “Grand Prix,” “Stroker Ace,” or even “Smokey and the Bandit” — but none that had depicted NASCAR in such a mainstream style.

NASCAR has seen more swings and misses than checkered flags when it comes to its portrayal on the big or small screen since “Days of Thunder.” For every “Talladega Nights,” there are 10 more bombs such as comedian Kevin James’ ill-fated Netflix’s comedy series, “The Crew.”

Cruise is a safe bet to deliver a hit and to handle many of his own stunts. He did when in the original and still recalled a memorable one at Daytona.

“Last time I was at this track, actually, I was on the backstraight and I was shooting with two very heavy cameras traveling — I don’t know, 180 miles an hour — and suddenly the hood was off of the car,” Cruise said. "The sun is setting and I’m trying to get all my lines out before we lost the light.

“And, suddenly, the whole car was in flames. It turned from a barbecue to a bonfire on the backstraight. Couldn’t even get the crew to come in and help me just because radio (communications) didn’t work in the backstraight. I hear that’s still possible, correct? You guys didn’t fix that. Well, that’s good.”