It is worth $166bn and has 150m users. But as it loses the rights
to other networks’ best shows, it must create its own classics
Netflix is a multibillion-dollar programming machine in dire
need of homemade hits – and it can no longer rely on Friends for
help. Last week the streaming giant announced it would be bidding
farewell to the perennially popular comedy from its US service at
the end of the year, as it was confirmed that WarnerMedia would now
offer it exclusively on its rival service, HBO Max, when it
launches in 2020.
Friends is the most watched show on Netflix, but traditional
media companies are no longer willing to supply a commercial
phenomenon that has upended their own business models.
Source: FS – All-News2-Economy
The Netflix cash machine needs the kind of hits that money can’t buy