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Netflix Will Keep ‘Friends’ Through Next Year in a $100 Million Agreement

Oct 25, 2017
8,455
0
Tampa
go.twitch.tv
#1
https://www.nytimes.com/2018/12/04/business/media/netflix-friends.html

The answer is no — for now. Reruns of Joey’s thespian trials, Chandler’s hapless sarcasm, Monica’s compulsive cleanliness, Phoebe’s feline riffs and the seemingly permanent courtship of Ross and Rachel will be available to watch on Netflix for at least another year, the streaming service has announced.

But it will come at a steep price: The company will pay around $100 million to continue licensing the program from its owner, WarnerMedia, according to two people with direct knowledge of the matter who spoke on the condition of anonymity because they were not authorized to discuss details of the deal.

That’s a significant jump from the $30 million a year that Netflix had paid previously to stream the show. But the new amount reflects the thirst for content in the streaming age. Online viewing is the future of entertainment, and the industry’s biggest players

— including WarnerMedia’s parent, AT&T; the Walt Disney Company; Comcast’s NBCUniversal; Viacom; CBS; and Discovery — are retooling their streaming operations to take on services like Netflix and Amazon.
WarnerMedia and Netflix declined to comment.
 
Oct 28, 2017
9,535
0
#6
For me Friends is that show that you have zero interest in and cant understand the appeal but is wildly popular. It will forever be beyond my comprehension.
 
Oct 27, 2017
526
0
#14
Friends is just pure watchable mediocrity. It's something to have on in the background for noise and not pay attention to while you're doing other things in a group setting.

Now if you're actually invested in it then Jesus Christ there are other sitcoms to watch.
 
Oct 31, 2017
691
0
#16
Holy batman. I just read they were getting 20 million a year back in 2015?!!! Why even work anymore
the same reason Paul McCartney still releases albums and the Rock makes movies and Mark Zuckerberg does whatever the fuck he does. Because they can.

Holy shit, Paul is worth 1.2 billion and Bono has like $700 million. Could they BE any richer?
 
Dec 22, 2017
3,612
0
#18
There was a month where my friends swapped from having The Office always on to having Friends always on. Easily one of the worst months of my life.
 
Oct 25, 2017
232
0
#20
Friends is just pure watchable mediocrity. It's something to have on in the background for noise and not pay attention to while you're doing other things in a group setting.

Now if you're actually invested in it then Jesus Christ there are other sitcoms to watch.
Pretty much this. Also fun to watch and see how social norms have changed since the 90s/2000s.
 
Oct 25, 2017
3,658
0
#25
Holy shit, it's crazy that a single show could even be worth that investment. A lot of people must still watch it I guess?

Also, in for a thread about people hating the show because it's popular to hate it for some reason.
 
Oct 27, 2017
407
0
#27
One of the few shows that's massive enough worldwide to explain that pricetag. I'm going to assume the money's worth it.
 
Oct 27, 2017
2,189
0
#28
Girlfriend loves this show and has to put it on every single night before falling asleep. I had a brief moment of satisfaction when I heard it was leaving
 
Oct 27, 2017
1,557
0
#31
And this deal is only for US Netflix. They paid $100 million to keep the show available to American viewers. The way WB operates outside of US (through scummy distributors), it would be impossible to make it available internationally.
 
Oct 25, 2017
5,054
0
#32
If people like it enough that it keeps them subscribed during times when original content is unfulfilling, then it’s totally worth it for Netflix to keep the show around.
 
Oct 30, 2017
914
0
#34
How much do the actors get paid for this?
I remember an article a bit back that the Friends cast get like 2% royalties. The show is so popular in syndication both national and internationally, each cast member is making millions every year from it just from that 2%. As noted by
Emwitus, the cast made $20 million each back in 2015, which means Warner Bros. made an insane $1 billion from the show off the cast's work that year.
 
Nov 30, 2018
146
0
#38
Holy shit, it's crazy that a single show could even be worth that investment. A lot of people must still watch it I guess?

Also, in for a thread about people hating the show because it's popular to hate it for some reason.
Because they think somehow Netflix spending $100 million on Friends has something to do with Daredevil being canceled so they need to place their irrational logic somewhere
 
Oct 25, 2017
3,658
0
#39
Because they think somehow Netflix spending $100 million on Friends has something to do with Daredevil being canceled so they need to place their irrational logic somewhere
But of course random people on the internet know more than Netflix does about how many people watch their shows
 
Oct 25, 2017
8,538
0
#40
Friends is probably like Star Trek in that while there are people who watch it, it's also a show that you turn on to watch before bed. A show to relax to.

At least that's my take.
 
Oct 25, 2017
292
0
#41
different strokes I guess. show was trash back then, still is now. but I guess one person's trash is another person's treasure.
 
Oct 25, 2017
2,065
0
Texas
#45
When it was on NBC I would watch it all the time. But the last couple of sessions I became nauseous every time Phoebe came on. It got to a point that I wanted to shoot the tv. Utterly annoying character.
 

Pwnz

Member
Oct 28, 2017
3,509
0
#47
So much money. And I bet a huge portion of people that watch them already have the complete DVD collection but use Netflix because it's easier lol.
 
Oct 25, 2017
3,743
0
Toronto
#48
For me Friends is that show that you have zero interest in and cant understand the appeal but is wildly popular. It will forever be beyond my comprehension.
I got bored of it after a couple of seasons during its original run, but that was more a case of me getting tired of predictable multi-cam sitcoms. (I kept watching Seinfeld, but that was something else altogether.)