Netflix lost Warner. Maybe that’s a good thing

Netflix’s stock jumped nearly 14% 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 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.