Summary: When Netflix was just shy of meeting its estimated new subscriber growth during the last financial quarter it faced immediate repercussions as its stock price plummeted over 20% in a single day. We explain why Netflix is not suddenly a failing company, it’s just one in a mature market of its own making. Even so, Netflix’s sudden deflation has given Hollywood’s media giants cause for concern, since most of them followed the company’s lead by launching their own streaming services.<br> Meanwhile the Sundance Film Festival, which usually takes place in Utah each January was forced by COVID forced to go virtual for the second year in a row. However, even remotely, the festival remains one of the premiere launching pads for independent film and, at the halfway point, we’ll tell you what titles are generating all the buzz.<br> Of course we also cover the week’s top entertainment headlines including Microsoft’s big video game acquisition, YouTube stops paying for original content and Adele postpones her Las Vegas residency.<br> <br> <br> International Box Office: ‘Spider-Man: No Way Home’ Zips To No. 6 On All-Time Global Chart With $1.69B<br> <a href="https://deadline.com/2022/01/spider-man-no-way-home-scream-sing-2-matrix-china-global-international-box-office-1234918151/" rel="noopener noreferrer" target="_blank">https://deadline.com/2022/01/spider-man-no-way-home-scream-sing-2-matrix-china-global-international-box-office-1234918151/</a><br> ‘Spider-Man: No Way Home’ Returns to No. 1 on Box Office Charts in Sixth Weekend of Release<br> <a href="https://variety.com/2022/film/box-office/spiderman-no-way-home-box-office-beats-scream-1235160913/" rel="noopener noreferrer" target="_blank">https://variety.com/2022/film/box-office/spiderman-no-way-home-box-office-beats-scream-1235160913/</a><br> ‘Harry Potter and the Cursed Child’ Star James Snyder Fired From Broadway Show After Independent Investigation<br> <a href="https://variety.com/2022/legit/news/james-snyder-harry-potter-and-the-cursed-child-star-fired-from-broadway-show-complaint-1235161065/" rel="noopener noreferrer" target="_blank">https://variety.com/2022/legit/news/james-snyder-harry-potter-and-the-cursed-child-star-fired-from-broadway-show-complaint-1235161065/</a><br> Jon Stewart to Receive the Mark Twain Prize at the Kennedy Center in April<br> <a href="https://www.washingtonpost.com/arts-entertainment/2022/01/19/jon-stewart-mark-twain-prize/" rel="noopener noreferrer" target="_blank">https://www.washingtonpost.com/arts-entertainment/2022/01/19/jon-stewart-mark-twain-prize/</a><br> Art Directors Guild 2022 Nominations Headed by ‘Nightmare Alley,’ ‘Cruella,’ ‘No Time to Die,’ ‘In the Heights’<br> <a href="https://variety.com/2022/artisans/awards/art-directors-guild-2022-nominations-full-list-1235160949/" rel="noopener noreferrer" target="_blank">https://variety.com/2022/artisans/awards/art-directors-guild-2022-nominations-full-list-1235160949/</a><br> Microsoft to Buy Activision Blizzard in All-Cash Deal Valued at $75 Billion<br> <a href="https://www.wsj.com/articles/microsoft-to-buy-activision-blizzard-games-11642512435" rel="noopener noreferrer" target="_blank">https://www.wsj.com/articles/microsoft-to-buy-activision-blizzard-games-11642512435</a><br> FCC Moves To Boost Cable Competition in Apartment Buildings<br> <a href="https://www.bloomberg.com/news/articles/2022-01-21/fcc-proposes-to-boost-cable-competition-in-apartment-buildings" rel="noopener noreferrer" target="_blank">https://www.bloomberg.com/news/articles/2022-01-21/fcc-proposes-to-boost-cable-competition-in-apartment-buildings</a><br> YouTube Shuts Down Original Content Group<br> <a href="https://variety.com/2022/digital/news/youtube-original-content-group-shutdown-1235156299/" rel="noopener noreferrer" target="_blank">https://variety.com/2022/digital/news/youtube-original-content-group-shutdown-1235156299/</a><br> Netflix Plummets Over 20%,
