Netflix is paying through its nose to keep FRIENDS online

Netflix is paying through its nose to keep FRIENDS online

December 5, 2018 167

Over the weekend, many questions about the show’s future on Netflix arose when customers spotted a notice on the site’s ‘FRIENDS’ page that read ‘Availability Until 1/1/19’

FRIENDS, the much-loved show that ran on NBC for a solid 10 years till 2004, still has many devout fans across the globe who did not take too well to this news. Case in point:

And after much hue and cry, Netflix officially announced that the show will remain on the service with a relatable throw back to the time when Ross dressed up as the holiday armadillo:

Did you know: FRIENDS has topped the list as the most-streamed show in the United Kingdom in 2018 (British communications regulator Ofcom)

Two sources under anonymity, confirmed that Netflix will be paying the owner of the show, WarnerMedia, $100 million to license the program. This is a steep increase from the $30 million Netflix paid for the show last year. The deal to keep FRIENDS on Netflix was due to expire by the end of 2018, however, AT&T (owner of WarnerMedia) and Netflix have been negotiating for the past few months to extend the deal.

Netflix and WarnerMedia have refused to comment.

Samah Akhtar
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