Netflix Chairman Reed Hastings exercised 410,550 stock options at $9.667 each under a Rule 10b5-1 plan and sold 406,610 shares at prices between $95.33 and $98.05, netting $39.8 million while retaining 3,940 shares and 21.16 million indirectly through a trust. CFO Spencer Neumann sold over $5 million on the same prearranged plan, following Netflix’s decision to forgo a higher bid for Warner Bros. Discovery and preserve capital.

Netflix acquired InterPositive, the AI filmmaking startup founded by Ben Affleck, integrating its full team into the company with Affleck as a senior advisor. InterPositive’s platform delivers AI systems tailored for editing workflows, lighting adjustments and scene continuity, aiming to assist creative teams without replacing artistic control.

At the end of the fourth quarter, Netflix reported gross debt of $14.5 billion and cash and cash equivalents of $9.0 billion, bolstering its liquidity after foregoing Warner deal payments that would have exceeded $2 billion. The balance sheet strength supports continued investment in technology and content innovation.