The Latest Breaking News from Ted Sarandos

Rushdie, whose attendance had not been announced beforehand, spoke briefly, and dedicated some of his remarks to those who came to his help last August while on stage at a New York literary festival.

Salman Rushdie has made an emotional and unexpected return to public life, attending the annual gala of PEN America and giving the event’s final speech as he accepted a special prize, the PEN Centenary Courage Award

"Korean stories are now at the heart of the global cultural zeitgeist"

Also on Monday, Netflix announced it would invest $2.5 billion in Korean-made content, twice as much the company has invested thus far.

Netflix will invest $2.5 billion in South Korean content over the next four years, the streaming giant's CEO Ted Sarandos announced after meeting with the country's President Yoon Suk Yeol in Washington. South Korea has cemented its status as a global cultural powerhouse in recent years, thanks in part to…

Announcement comes as South Korean President Yoon Suk-yeol is on a six-day visit to the United States.

Netflix will discontinue its DVD rental service later this year, drawing the curtain on a remarkable 25-year journey.

The DVD service, which still delivers films and TV shows in the red-and-white envelopes that once served as Netflix’s emblem, plans to mail its final discs on Sept. 29.

No more little red envelopes.