Obama’s film company reportedly leaving Netflix to go independent
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Former President Barack Obama and former First Lady Michelle Obama’s film production company, Higher Ground, will reportedly be leaving 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.
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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. (Tom Williams/CQ-Roll Call, Inc. via Getty Images)
Fox News Digital has reached out to Higher Ground and Netflix for comment.
The Obamas first announced the multi-year Netflix deal in 2018, following a deal brokered by then-content chief Ted Sarandos, who had previously organized a fundraiser for Obama’s 2012 presidential campaign.
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The Obamas’ Netflix deal was negotiated in part by campaign donor Ted Sarandos. (Mike Blake/Reuters)
“If anything has defined President Barack Obama and Michelle Obama’s creative passions since we began our partnership with Higher Ground, it’s their quest for an extraordinary story that brings to light the human experience. We’re delighted to continue our relationship with Higher Ground as they continue to develop and produce more ambitious, engaging and entertaining stories,” Netflix Chief Content Officer Bela Bajaria said in a statement. he said.
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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. (Scott Olson/Getty Images)
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“[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.”
