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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

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Netflix, After Walking Away From Warner Bros. Deal, Will ‘Move Forward’ With ‘.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.

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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.”

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Secret Service Agent Assigned to Jill Biden Shoots Self in Leg

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Secret Service Agent Assigned to Jill Biden Shoots Self in Leg

A U.S. Secret Service agent assigned to former First Lady Jill Biden accidentally shot himself in the leg early on Friday near Philadelphia International Airport, according to a source familiar with the incident.

In a statement that did not mention Biden, the Secret Service said the incident occurred just after 8:30 a.m. EST and the agent suffered a non-life-threatening injury.

“There was no impact to the protectee’s movement and they were not present at the time of the incident,” the statement said.

The agent “accidentally discharged his firearm” while traveling in an unmarked SUV near the airport, Philadelphia Police Department Cpl. Jasmine Colón-Reilly said in a statement.

Emergency medical personnel responded to the scene and the agent was transported to Penn Presbyterian Medical Center in stable condition, Colón-Reilly said.

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“The Secret Service’s Office of Professional Responsibility will be reviewing the facts and circumstances of this incident,” the Secret Service said.

The Secret Service is responsible for providing security to current and former presidents, vice presidents and their families and foreign leaders and is also an investigative agency.

(Reporting by Christian Martinez in Los Angeles; editing by Scott Malone and Chris Reese)

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Body found in search for missing American Airlines flight attendant in Colombia: mayor

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Body found in search for missing American Airlines flight attendant in Colombia: mayor

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A mayor in Colombia announced that a corpse had been discovered and was likely that of an American citizen who had gone missing. 

Eric Fernando Gutierrez Molina, a 32-year-old American Airlines flight attendant from Texas, had gone missing while in the foreign country, according to reports.

“Since last Sunday, we have been searching for Eric Gutiérrez, a U.S. citizen who is missing,” Medellín Mayor Federico Gutiérrez noted in a Friday post on X, according to a translation from Spanish.

AMERICAN AIRLINES FLIGHT ATTENDANT VANISHES DURING COLOMBIA LAYOVER: ‘HIS FAMILY IS DESPERATE’

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Medellin Mayor Federico Gutierrez speaks during a press conference on Dec. 19, 2025. (JAIME SALDARRIAGA / AFP via Getty Images)

“Unfortunately, a lifeless body has just been found between the municipality of Jericó and Puente Iglesias,” he noted.

“There is a very high probability that it is this person,” the mayor explained.

COLOMBIAN MILITARY PLANE CRASH KILLS AT LEAST 66, HEAD OF ARMED FORCES SAYS

Eric Fernando Gutierrez Molina (CDColExt/X)

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“We are heartbroken by the tragic passing of our colleague,” American Airlines noted in a statement provided to Fox News Digital on Saturday.

‘AMERICAS COUNTER CARTEL COALITION’: INSIDE THE US STRATEGY TO COMBAT NARCO TERROR, CONFRONT CHINA, OTHER FOES

An American Airlines Airbus A321 departs from Harry Reid International Airport on March 11, 2026, in Las Vegas, Nevada.  (Kevin Carter/Getty Images)

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“Our thoughts and support are with his family, loved ones and colleagues during this difficult time, and we are doing all we can to assist Colombian law enforcement in its investigation,” the company added.

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Fox News Digital’s Alexandra Koch contributed to this report

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Hundreds of thousands march through London in stand against the far right

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Hundreds of thousands march through London in stand against the far right

London, United Kingdom – Hundreds of thousands of people have marched through central London in what organisers are calling the largest ever demonstration against the far right in British history.

The Together Alliance march, backed by about 500 groups including trade unions, antiracism campaigners and Muslim representative bodies, brought together a diverse crowd of all ages from across the country on Saturday, converging on Whitehall near the Houses of Parliament.

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Organisers said that half a million people took part.

Kevin Courtney, chairman of the Together Alliance, told crowds the march “gives us all confidence to carry on.”

London’s Metropolitan Police put the figure considerably lower, at approximately 50,000, though officers acknowledged it was difficult to reach an accurate figure given how spread out the crowds were.

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The protest was met with a far smaller group of counterprotesters waving Israeli flags and Iran’s pre-1979 monarchical flag.

Aadam Muuse, a trade union activist, told Al Jazeera that racism and Islamophobia had moved from the fringes into mainstream politics, and was “being pushed by parliamentarians”.

He said the march was “much needed to push back against [Reform leader Nigel] Farage and his ilk,” adding that the populist party “must be defeated at the ballot box”.

Demonstrators march against ‘far-right extremism” from Park Lane to Trafalgar Square, organised by the Together Alliance, a coalition of unions and civil society groups, in London [Hannah McKay/Reuters]

Al Jazeera’s Milena Veselinovic, reporting from the march, said demonstrators were pushing back against what they saw as “the politics of hate and division” in the United Kingdom.

One demonstrator, activist and writer Hamja Ahsan, told Al Jazeera he was motivated to attend after a rally organised by the far-right agitator-activist Tommy Robinson that drew 150,000 people and was marred by violence that injured several police officers. Robinson is reportedly planning another rally in May.

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“We need to show them that we’re the majority,” Ahsan said. “At a street level, the far right won’t take over our streets.”

He said the atmosphere on Saturday was akin to the Notting Hill Carnival, as the march united people from all backgrounds, “from pensioners to children”.

Museum worker Charlotte Elliston told Al Jazeera that she also feels unsettled by the far right’s creeping rise.

“You think this would never happen here, and then all of a sudden this might happen,” she said. “You see that it is getting scary.”

A man holds a placard, as demonstrators march against far-right extremism from Park Lane to Trafalgar Square, organised by the Together Alliance, a coalition of unions and civil society groups, in London, Britain, March 28, 2026. REUTERS/Hannah McKay
A man holds a placard, as demonstrators march against far-right extremism from Park Lane to Trafalgar Square, organised by the Together Alliance, a coalition of unions and civil society groups, in London [Hannah McKay/Reuters]

Several left-wing politicians joined the demonstration.

Independent MP Jeremy Corbyn posted on X that the “problems we face are not caused by migrants or refugees”, arguing they were rooted instead in “an economic system rigged in favour of corporations and billionaires”.

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MP Zarah Sultana said on X, “There’s one minority we should be angry at: the billionaires funding division while working class people can’t make ends meet.”

Green Party leader Zack Polanski, Dianne Abbott and Greater Manchester mayor Andy Burnham were also among the crowds.

‘Historic demonstration’

The rights group Amnesty UK hailed the “historic demonstration”, saying marchers were “calling for a different vision of society – one which places dignity, compassion and human rights at its heart”.

A separate march organised by the Palestine Solidarity Campaign, which assembled at Exhibition Road near Hyde Park, converged with the main demonstration during the afternoon.

Eighteen people were arrested outside New Scotland Yard on Saturday after staging a protest in support of Palestine Action, the protest group which remains proscribed under the Terrorism Act despite a High Court ruling in February that the government’s decision to ban it was unlawful.

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Protesters holding placards gather ahead of speeches after a march against the far right, organised by the Together Alliance, in central London on March 28, 2026. (Photo by Henry NICHOLLS / AFP)
Protesters holding placards gather ahead of speeches after a march against the far right, organised by the Together Alliance, in central London [Henry Nicholls/AFP]

The march comes amid rising racism as Farage’s Reform party surges in the polls.

Hope Not Hate, an antiracism campaign group, warned earlier in March that the British far right is now “bigger, bolder and more extreme than ever before”.

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