Is Netflix’s ‘Friends’ deal the end of an online entertainment era?

Source: Steven Zeitchik, Washington Post (Paid Registration)

Netflix has renegotiated a deal with production outfit Warner Bros. and its parent company AT&T/WarnerMedia for domestic rights to the show "Friends." The New York Times reported a price of $100 million—a whopping increase of $70 million from the current price. Since Netflix began making “Friends” available in 2015, the show has been among the streaming service’s most popular. And that means WarnerMedia, which has designs to launch its own streaming service next year, might well soon want the series for its own platform.

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