U.S. stock futures slumped Friday as global markets plunged, amid fears surrounding a new coronavirus variant in South Africa that could lead to new lockdowns.
ViacomCBS' (VIAC) acquisition of Fox TeleColombia and Estudios TeleMexico will help it cater to higher demand for Spanish content in Latin America.
There's little question that Netflix (NASDAQ: NFLX) has become the preeminent provider of the streaming services it pioneered. Several recent developments suggest that Netflix is using entertainment powerhouse Walt Disney (NYSE: DIS) as an example of what it can become and is expanding in ways that could eventually make it a direct competitor to the House of Mouse. Reports emerged this week that Netflix would acquire Scanline VFX, a special-effects workshop that had a hand in the production of several Netflix original programs.