Keanu Reeves and Lana Wachowski are returning to the world of "The Matrix."
Warner Bros. Pictures Group chairman Toby Emmerich says Tuesday that a fourth "Matrix" is in the works.
Reeves will be reprising his role as Neo and Carrie-Anne Moss will return as Trinity in the film that will be co-written, directed and produced by Wachowski, who co-created "The Matrix" with Lilly Wachowski.
Lana Wachowski says in a statement that the ideas of "The Matrix" are more relevant than ever now and she's happy to have the characters back in her life. Emmerich says Wachowski is a true visionary.
The first film hit theaters 20 years ago and spawned two sequels that cumulatively made more than $1.6 billion at the global box office.
No release date has been set.
Netflix’s subscriber growth is slowing, but its profit and stock price are still surging
Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service's crackdown on freeloading viewers is tapering off.
The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year.
Even so, the company's revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.
Netflix ended September with 282.7 million worldwide subscribers – far more than any other streaming service.
The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company's revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.
The strong financial performance in the past quarter coupled with the upbeat forecast eclipsed any worries about slowing subscriber growth. Netflix's stock price surged nearly 4% in extended trading after the numbers came out, building upon a more than 40% increase in the company's shares so far this year.
"We had a plan to reaccelerate growth and we delivered on that plan," Netflix co-CEO Ted Sarandos said during a video call discussing the results.
The past quarter's subscriber gains were the lowest posted in any three-month period since the beginning of last year. That drop-off indicates Netflix is shifting to a new phase after reaping the benefits from a ban on the once-rampant practice of sharing account passwords that enabled an estimated 100 million people watch... Read More