Learn more about Paramount's planned acquisition of Warner Bros. Discovery — a historic Hollywood megadeal valued at $111 billion — as it continues to develop.

Netflix revealed that it paid $587 million in cash for InterPositive, a startup co-founded by Ben Affleck.

Amid signs of slowing engagement, Netflix is reportedly considering launching "always-on" live channels, giving subscribers something to tune into 24/7.

Netflix is bringing 2- to 20-minute videos to its platform through new partnerships with digital publishers, including Rolling Stone and Variety.