Barack and Michelle Obama’s film production company reportedly leaving Netflix to go independent
Former President Barack Obama and former First Lady Michelle Obama’s film production company Higher Ground will reportedly leave Netflix later this year.
Deadline notified It was announced on Sunday that the company’s current first-look deal with the streaming giant will end this year. Sources claim that the Obamas will “transition to independence” instead of renewing the agreement as in the past.
“According to sources, the deal with Netflix has not yet ended, but Higher Ground plans to remain independent and not enter into a studio deal that will expire anytime soon, while continuing to collaborate with the global broadcaster on existing projects,” the report stated.
Deadline reports that former President Barack Obama and former First Lady Michelle Obama may not renew their first-look deals with Netflix for their production companies this year.
(Getty Images)
Fox News Digital He has reached out to Higher Ground and Netflix for comment.
Obamas announced for the first time Multi-year Netflix deal in 2018 It follows a deal brokered by then-content chief Ted Sarandos, who previously organized a fundraiser for Obama’s 2012 presidential campaign.
Hollywood Director Stunned After Getting Advice From Obama on Directing New Film: ‘He Scared Me’
Deadline first reported that there would be Obamas in 2024. extends first look agreement After years of collaboration with Netflix.
The Obamas’ Netflix deal was negotiated in part by campaign donor Ted Sarandos.
“If there’s one thing that defines President Barack Obama and Michelle ObamaSince we began our partnership with Higher Ground, their creative passion has been the pursuit of an extraordinary story that brings the human experience to light. We are pleased to continue our relationship with Higher Ground, continuing to develop and produce more ambitious, engaging and entertaining stories,” Netflix Chief Content Officer Bela Bajaria said in a statement.
Obama hinted at the film company’s departure from Netflix on the History Channel’s HistoryTalks special on Saturday.
Barack Obama and Michelle Obama first partnered with Netflix in 2018.
Click Here to Download Fox News App
“[W]”We were in partnership with Netflix,” Obama said, and continued: “We are currently in the process of transitioning to a more independent platform. [future] “We can work with a lot of different studios here.”
Original article source: Barack and Michelle Obama’s film production company is reportedly leaving Netflix to go independent
