Former Netflix VP convicted of fraud and money laundering

A federal jury found a former Netflix executive guilty Friday of receiving lucrative stock options and more than a half-million dollars in bribes and kickbacks from tech companies to approve contracts with the streaming giant.

Netflix is raising its subscription prices

While current Netflix subscribers will see the new prices roll out over the next couple weeks, new subscribers will have to pay the updated fees starting Oct. 29.

Cinemark movie theaters to be open by July 17

The reopenings will take place in four phases, starting with a handful of theaters in Dallas on June 19. The remaining reopenings will be conducted between July 3 and July 17, and will include “enhanced cleaning and sanitizing protocols,” the company said.

Netflix CEO to donate $120M to historically black colleges

The couple is giving $40 million to each of three institutions: the United Negro College Fund, Spelman College and Morehouse College. The organizations said it is the largest individual gift in support of student scholarships at HBCUs.