Netflix Lost Warner. Maybe That’s a Good Thing.

It is entirely possible, analysts say, that Netflix will be better off by bailing from its $83 billion deal with Warner Bros. Discovery.

Netflix’s stock jumped nearly 14 percent on Friday, a day after it stunned Hollywood by backing out of its $83 billion deal for Warner Bros. Discovery.

Netflix’s bank account grew by $2.8 billion on Friday, too, when Paramount paid a breakup fee for sideswiping the Warner deal.

And two of Netflix’s top competitors, Paramount and Warner Bros., now have the daunting task of forming one successful company out of their two struggling businesses, all while managing a huge pile of debt. Sounds like a huge distraction.