World
Netflix, After Walking Away From Warner Bros. Deal, Will ‘Move Forward’ With ‘$2.8 Billion in Our Pocket That We Didn’t Have a Few Weeks Ago,’ CFO Says
Netflix is no longer contemplating a future that includes Warner Bros., having ceded the heated M&A battle to Paramount Skydance. Netflix CFO Spence Neumann, speaking Wednesday at the Morgan Stanley Technology, Media & Telecom Conference, reiterated the company’s position that it bailed out of the bidding for Warner Bros. because Paramount increased its offer price.
“The short answer is, it was all about price,” Neumann said. “We said all along this opportunity was a nice-to-have at the right price, not a must-have at any price,” he added, echoing Netflix co-CEO Ted Sarandos’ previous statement.
Netflix, when it struck the deal to buy WB’s studios and streaming business in December, was playing “offense, not defense,” Neumann said. According to the CFO, Netflix has a “unique view” into how to value the WBD assets. “We went into it with a point of view on price,” he said. “When it became clear it didn’t make sense for us financially anymore,” the company bowed out.
“Now we move forward, and we move forward with $2.8 billion in our pocket that we didn’t have a few weeks ago,” said Neumann, referring to the breakup fee it received from Paramount Skydance.
On Feb. 26, Netflix abandoned its deal to buy Warner Bros.’s studios and streaming business after David Ellison’s Paramount upped its hostile bid for WBD in its entirety to $31/share — leaving Paramount the winner of a debt-fueled takeover of the media conglomerate. Paramount Skydance paid Netflix the $2.8 billion breakup fee once Warner Bros. Discovery terminated its agreement with Netflix in favor of Paramount’s “superior” offer.
Asked if the Warner Bros. bidding war changed Netflix’s M&A strategy, Neumann replied, “I know it sounds boring, but it’s really no change.” The company will “continue to stay focused on what are those opportunities” to accelerate the growth of the business, he said.
Neumann said Netflix, by the end of the bidding process for Warner Bros., had “a stronger belief” that “we would have been great stewards” for those assets. And, he insisted, Netflix had high confidence that it had a “clear path” to regulatory approval.
“At the end of the day, we were going to be disciplined” on the price it was willing to pay for Warner Bros., Neumann said.
In 2026, Netflix plans to boost its total cash content spending to around $20 billion, up 10% from last year. It is forecasting revenue of $50.7 billion-$51.7 billion, which would be an increase of 12%-14% year over year, and projects hitting 31.5% operating margin in 2026. The streaming heavyweight reported more than 325 million subscribers worldwide as of the end of 2025, up from 301.2 million a year prior.
The expected 10% increase in Netflix’s content spending this year is in line with its expected revenue growth, Neumann said. “It’s really no change in our approach,” he said. “We really want to be that starting point and destination for professionally produced content for creators around the world.”
World
One week into Iran war, the dangers for the US and Trump multiply
World
Iran warns European countries will be ‘legitimate targets’ if they join conflict
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An Iranian official warned that any European countries that enter the conflict against Iran will become “legitimate targets” for Tehran’s retaliation.
Iran’s Deputy Foreign Minister Majid Takht-Ravanchi made the remark to France24 as Iranian President Masoud Pezeshkian on Saturday apologized to neighboring countries that have been attacked by the regime.
“We have already informed the Europeans and everybody else that they should be careful not to be involved in this war of aggression against Iran,” Takht-Ravanchi told the network. “If they help, I’m not trying to name any country, but if any country joins in the aggression against Iran, joins America and Israel in the aggression against Iran, definitely they will be also the legitimate targets for Iranian retaliation.”
“This war has imposed on us, and we will continue to defend ourselves to the best of our abilities,” he added. “We have an obligation to defend our people and that is what exactly we are doing.”
Then-Iranian Ambassador to the United Nations Majid Takht-Ravanchi speaks to the media outside Security Council chambers at the U.N. headquarters in New York, on June 24, 2019. (Shannon Stapleton/Reuters)
Takht-Ravanchi also claimed Iran was “negotiating in good faith” in talks with the U.S. about its nuclear program, before America launched Operation Epic Fury and Israel began Operation Roaring Lion on Feb. 28.
“We are sincere. We are sincere in our endeavor to arrive at a peaceful conclusion of this issue,” he told France24.
AFTER THE STRIKES, HOW WOULD THE US SECURE IRAN’S ENRICHED URANIUM?
A group of men inspect the ruins of a police station struck during the U.S.–Israeli military campaign in Tehran, Iran, on Tuesday, March 3, 2026. (Vahid Salemi/AP)
Pezeshkian said Saturday that any future attacks coming out of Iran would only be in response to attacks against the country.
“I should apologize to the neighboring countries that were attacked by Iran, on my own behalf,” he said, according to The Associated Press. “From now on, they should not attack neighboring countries or fire missiles at them, unless we are attacked by those countries. I think we should solve this through diplomacy.”
Damage is seen in Bnei Brak, Israel, on March 3, 2026, following an Iranian missile barrage. (Nir Elias/Reuters)
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Pezeshkian made the apology during a prerecorded televised speech on Saturday after Iran launched repeated strikes on Bahrain, Saudi Arabia, the United Arab Emirates, Qatar and Oman.
Despite the vow, the United Arab Emirates (UAE) Ministry of Defense said on Saturday that the country’s air defense systems intercepted 16 ballistic missiles, 15 of which were destroyed while one fell into the sea.
Fox News Digital’s Elizabeth Pritchett and The Associated Press contributed to this report.
World
Israel kills father, daughter in Gaza as genocide continues amid wider war
A father and his daughter have been killed in an Israeli drone attack in central Khan Younis, southern Gaza, as Palestinians continue to suffer amid worldwide attention on the United States-Israeli war on Iran.
The two were killed early on Saturday. In a separate attack later in the day in Khan Younis, another person was killed and a young girl wounded, according to Al Jazeera correspondents on the ground.
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Israeli forces continue carrying out air strikes, artillery shelling, and naval bombardment on Gaza on a daily basis, despite an October 11 “ceasefire” as Israel continues its ongoing genocide.
Suffering in Gaza and the occupied West Bank remains acute as the world focuses on the US-Israeli bombardment of Iran.
In the past 48 hours, two additional people have been wounded, the Palestinian Ministry of Health said.
Israeli army-affiliated militias, meanwhile, have advanced east of Gaza City, with heavy gunfire reported in the area. Initial reports also stated a member of the Palestinian police was abducted.
Israeli warplanes also struck several locations east of the Tuffah neighbourhood, near Gaza City, while the Israeli navy fired heavy machineguns and shells towards the coast of Gaza City, Palestinian news agency Wafa reported.
The Rafah border crossing, meanwhile, remains closed. Israel had shut it amid its attacks on Iran.
The Rafah crossing, located on Gaza’s southern border, had reopened only last month allowing a limited number of Palestinians to leave for the first time in months, including patients in urgent need of medical care. Thousands remain blocked from travelling for treatment.
The Karem Abu Salem crossing, also known to Israelis as Kerem Shalom, is partially open for the entry of humanitarian aid only, under strict restrictions.
Nearly all of Gaza’s population of more than two million people was displaced during Israel’s war on the territory, and the enclave remains heavily dependent on humanitarian assistance.
In a February report, Human Rights Watch said Israeli restrictions had contributed to shortages of medicine, reconstruction materials, food and water inside the Strip.
Since the ceasefire in Gaza, 640 Palestinians have been killed and at least 1,700 wounded, according to the Health Ministry. At least 72,123 Palestinians have been killed since October 2023, while 171,805 people have been injured.
Meanwhile, in the occupied West Bank, the Palestinian Red Crescent Society reported its teams in Hebron are treating a Palestinian injured by live fire near the illegal Karmei Tzur settlement, built on Palestinian land north of Hebron.
Three Palestinians were also injured on Saturday after being physically assaulted by Israeli settlers in the Ras al-Ahmar area, south of Tubas, Wafa reported. Medical sources at the Palestinian Red Crescent Society said their teams responded to three people with injuries.
Israeli forces also conducted raids in the towns of Qaffin and Kafr al-Labad, north of Tulkarem, early on Saturday, Wafa said.
A Palestinian man was also injured after being assaulted by Israeli soldiers near the village of Azmut, east of the occupied West Bank city of Nablus.
Palestinians have faced a wave of intensified Israeli military and settler violence across the West Bank since the war on Gaza began in October 2023.
At least 1,094 Palestinians have been killed by Israeli troops and settlers in the West Bank since October 2023, according to the latest United Nations figures.
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