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Netflix cofounder Hastings to step down after it lost Warner Bros deal

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The company’s stock plunged about 8 percent on the news of Hastings’s departure.

Netflix Chairman Reed Hastings is leaving the streaming service he cofounded 29 years ago as the company regains its footing after it lost its $72bn deal for Warner Bros Discovery to Paramount Skydance.

In a letter to investors released on Thursday, Netflix said Hastings will not stand for re-election at its annual meeting in June and plans to focus on philanthropy and other pursuits.

The company’s stock plunged about 8 percent on the news of Hastings’s departure. The cofounder is credited with helping to revolutionise how movies and television shows are delivered in homes, upending Hollywood’s business model.

“Netflix is growing revenues double-digits, expanding margins in 2026 and gushing free cash flow,” said LightShed Partners media analyst Richard Greenfield. “While the Q1 was uneventful financially, the departure of Reed Hastings has spooked investors.”

Netflix reaffirmed in a 14-page shareholder letter that its mission remains “ambitious and unchanged” – to entertain the world, providing movies and series for many tastes, cultures and languages. The company’s full-year outlook remained unchanged.

The company did not say how it plans to spend the $2.8bn termination fee it received after losing the Warner Bros movie studio and HBO, and lifted its earnings per share to $1.23 in the first quarter compared with 66 cents per share in the same quarter last year.

Revenue rose to $12.25bn, an increase of 16 percent from the year-ago period, modestly exceeding analyst forecasts of $12.18bn.

Netflix, which long told investors that a Warner Bros acquisition was a “nice to have, not need to have” proposition, highlighted areas of future growth.

The company said its investment in expanding its entertainment offerings, with video podcasts and live entertainment – such as the World Baseball Classic in Japan – is driving engagement.

It plans to use technology to improve the user experience and improve monetisation, as advertising revenue remains on track to reach $3bn in 2026 – a twofold increase from a year ago.

📰 மூல செய்தி (Source): https://www.aljazeera.com/economy/2026/4/16/netflix-cofounder-hastings-to-step-down-after-it-lost-warner-bros-deal?traffic_source=rss

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Pope Leo urges peace in visit to Cameroon’s conflict-hit northwest

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Pope Leo urges peace in visit to Cameroon’s conflict-hit northwest

Pope Leo XIV was in Bamenda in conflict-hit northwest Cameroon, urging peace in a region beset by deadly fighting between separatists and government forces. Al Jazeera’s Nic Haque says worshippers risked dangerous journeys to see the Pope.

📰 மூல செய்தி (Source): https://www.aljazeera.com/video/newsfeed/2026/4/16/pope-leo-urges-peace-in-visit-to-cameroons-conflict-hit-northwest?traffic_source=rss

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US House votes to extend temporary protections for Haitians in Trump rebuke

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Ten Republicans join Democrats to extend Temporary Protected Status for nearly 350,000 Haitians in the United States.

The United States House of Representatives has voted to extend temporary immigration protections for some 350,000 Haitians living in the country, in a break with President Donald Trump.

Ten Republicans joined the Democratic majority in Thursday’s vote, which passed by a margin of 224 to 204.

The bill would allow Haitians already in the US to keep their Temporary Protected Status (TPS) for three additional years, due to violence and instability in the Caribbean country.

The measure will now proceed to the US Senate, where it faces uncertain prospects. If it passed, Trump would almost certainly veto the bill.

“This is a monumental victory in a long-fought battle to protect the safety, dignity, and humanity of our Haitian neighbors,” Democratic Representative Ayanna Pressley, the co-chair of the House Haiti Caucus, said in a statement.

“Democrats and Republicans alike have come together to support our Haitian neighbors not just because this is good, commonsense policy, but because it is the right, humane thing to do.”

The bill advanced on Thursday through a bipartisan discharge petition, a legislative tool that allows lawmakers to bypass the House’s Republican leadership and force a vote.

But the bill’s progress tees up a potential clash with the White House.

Trump and his officials have repeatedly attempted to roll back temporary immigration protections on the basis that previous administrations had exceeded their authority in granting extensions.

The push comes as part of Trump’s wider effort to restrict immigration into the US.

TPS is designed to shield foreign nationals who are already in the country from deportation. It is granted when their countries of origin are facing temporarily unsafe conditions, including natural disasters and conflicts. It also confers temporary work authorisation to successful applicants.

Last year, the Trump administration made several efforts to end TPS for Haitians, citing US “national interests”.

In June, for instance, it said the designation would expire in August. Then, in November, it renewed its intentions to end the programme, calling the move a “vote of confidence” in Haiti’s government.

The Caribbean nation has suffered from high levels of violence and political instability since the assassination of President Jovenel Moise in 2021.

The period following his death saw powerful gangs expand their influence on the island, seizing control of much of the capital of Port-au-Prince.

The State Department has previously warned US citizens not to travel to Haiti “due to the risk of crime, terrorism, kidnapping, unrest, and limited health care”.

Advocacy groups have warned that the fear of deportation has become a strain on Haitian migrants living in the US. They called on Congress to act to protect the vulnerable group.

“We are asking: Where will you be? On the right side of history? Or continuing to cause trauma to people who are asking for nothing other than safety and protection?” asked Guerline Jozef, the executive director of the Haitian Bridge Alliance, during a news conference outside of the Capitol.

This month, the US Supreme Court is set to consider a fast-track case weighing the administration’s request to move forward with the revocation of deportation protections for Haitians and Syrians.

📰 மூல செய்தி (Source): https://www.aljazeera.com/news/2026/4/16/us-house-votes-to-extend-temporary-protections-for-haitians-in-trump-rebuke?traffic_source=rss

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Turkiye grieves students killed in school shooting

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Hundreds turned out to the funerals of eight students who were fatally shot at school in Turkiye’s Kahramanmaras on Wednesday, which claimed the lives of 10 people. It was the second school shooting in two days.

📰 மூல செய்தி (Source): https://www.aljazeera.com/video/newsfeed/2026/4/16/turkiye-grieves-students-killed-in-school-shooting?traffic_source=rss

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