SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

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 South Korean police seek arrest warrant for Hybe chairman Bang Si-Hyuk over alleged $100 million investor fraud scheme    South Korean police are seeking an arrest warrant for Bang Si-Hyuk, the billionaire music executive behind K-pop powerhouse Hybe and BTS, as part of an expanding investigation into allegations that he improperly benefited from an investor scheme involving more than $100 million. Authorities said they have asked prosecutors to pursue a court warrant for Bang’s arrest as they continue probing claims that he misled investors in 2019. Investigators allege he told investors that Hybe had no plans for an initial public offering, leading them to sell shares to a private equity fund. The company later went public, and police suspect a separate arrangement may have resulted in Bang receiving a substantial payout tied to post-IPO stock profits. Bang’s legal team has not directly addressed the specific allegations but said he has cooperated with investigators an...
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NETFLIX TO KEEP WARNER BROS. FILMS IN THEATERS FOR 45 DAYS. (PHOTO).

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 Netflix to keep Warner Bros. films in theaters for 45 days

Netflix plans to keep Warner Bros. films in theaters for 45 days before streaming, co-CEO Ted Sarandos confirmed, highlighting the company’s renewed commitment to theatrical releases. Sarandos told the New York Times that after reviewing Warner Bros.’ distribution operations, Netflix sees significant value in maintaining a strong box office presence. “We will run that business largely like it is today, with 45-day windows. I’m giving you a hard number,” he said. “If we’re going to be in the theatrical business, and we are, we’re competitive people—we want to win. I want to win opening weekend. I want to win at the box office.”

Sarandos emphasized that Netflix’s interest in theaters isn’t about competing with its streaming service but rather supporting moviegoing overall. He noted that successful theatrical releases encourage viewers to watch more content at home. He also cited the strong performance of recent Warner Bros. films as evidence that theatrical distribution remains a healthy and profitable business. The 45-day window applies to upcoming Warner Bros./Netflix films, including titles like The Batman Part II, The Brave and the Bold, World’s Greatest, and other new releases. Sarandos said Netflix aims to give audiences compelling reasons to leave their homes while continuing to grow its streaming offerings.


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