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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
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
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new video loaded: Fire Breaks Out Near Glasgow Central Station
By Jiawei Wang
March 9, 2026
World
Private security firm helping Americans evacuate the Middle East amid war with Iran
Private security group helps people evacuate the Middle East
A global security firm, Global Guardian, has evacuated more than 4,000 people from the Middle East since the U.S. and Israel attacked Iran last weekend. FOX takes a look at how Global Guardian is executing evacuations out of the Middle East.
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MCLEAN, Va. – As Americans are stranded in the Middle East amid the U.S. and Israel war with Iran, government and private agencies are working around the clock to conduct evacuations.
In addition to the U.S. Department of State’s 24/7 task force aimed at evacuating Americans, private security firm Global Guardian is also working around the clock to complete the same mission.
As of Friday, Global Guardian has evacuated more than 4,000 people from the Middle East, according to its CEO and President, Dale Robert Buckner.
While operations and logistics teams sit in an office building in northern Virginia, the firm has personnel in more than 140 countries, allowing Global Guardian access to nearly every corner of the world for emergency response or evacuations.
Global Guardian receiving calls for evacuations in the Middle East.
“We provide medical evac services, we provide kidnap, ransom, extortion negotiation payment if someone is kidnapped or extorted,” Buckner said. “We’re providing about 300 missions a month of executive protection travel, in about 84 countries a month.”
The private security firm also conducts camera surveillance of residences and commercial property and has cyber analysts monitoring mobile devices.
After the U.S. and Israel struck Iran in a joint attack last weekend, the firm has been coordinating multiple emergency response evacuations — but this isn’t the first time it has assisted Americans out of a crisis zone.
“That means getting people out of Puerto Vallarta a week ago, and Jalisco, Mexico. That means getting people out of Asheville, North Carolina when it got wiped out by a hurricane,” Buckner said.
STATE DEPARTMENT GIVES UPDATES ON AMERICANS FLEEING MIDDLE EAST
Logistically, getting tourists out of a war zone and back to safety is a process, but the firm works fast, completing their first border crossing within the first six hours of the missile strikes.
Immediately, the firm received a call from a pair of students studying abroad, Deputy Vice President of Operations Colin O’Brien told Fox News. He said they were trying to leave Dubai.
“Within about four and a half hours from the phone call, we had our teams in motion to go pick these people up and it was two college-aged women,” said O’Brien.
Global Guardian security firm is working around the clock to execute emergency evacuations in the Middle East.
“Put them in the car, we were then able to move from the Omani border and by eight hours we were at the border. Work through the border checkpoint to a hotel in Muscat, where we could stop and give them a short rest while we arrange their transportation home,” he says.
The group said it remains active year-round to ensure evacuation plans are in place before disasters strike.
“There’s a narrative of, here’s the pickup point, here’s the key crossing site,” Buckner said. “This is what you’re gonna need from a paperwork standpoint, legally. And then we’re gonna put you in a hotel or straight onto a commercial flight. Most likely, at this point in the war, we’re gonna put you on a private charter.”
WHAT’S NEXT IN OPERATION EPIC FURY
Buckner said most of these missions happening in the region are ground movement, done by locals. He says in the 140 countries the firm is in, they have ground teams working year-round. Consistently training year-round.
“We’re communicating, we’re coordinating, we’re executing. Executive protection agents, armed agents, armed vehicles, large-scale event support with medical and security personnel,” he said, describing the firm’s standard operating capabilities.
“We’re coordinating whether the firm needs drivers. From Dubai to Oman, Israel to either Oman, Jordan or Egypt. Out of Bahrain into Saudi Arabia,” Buckner said.
While the firm is coordinating with the State Department, it said it has not yet conducted a flight mission on behalf of the department.
Security firm analysts create plans to evacuate Americans.
Global Guardian offers these services through what it calls a “Duty of Care Membership,” which Buckner said costs $15,000 per year for a family of five.
“You are going to sign a contract — whether it’s a family, a family office or typically a large corporate logo. Then we become, at your beck and call,” Buckner said, describing the emergency response services included in the agreement.
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For Americans currently stuck in the Middle East, Buckner said the cost of evacuation using ground and air resources varies depending on the situation and location.
World
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