Obamas Will Produce Shows for Netflix

Former President Obama formally announced “a multiyear production deal with Netflix in which he and the former first lady, Michelle Obama, will produce television shows and films for the streaming service,” the New York Times reports.

“The deal will give Mr. Obama an international television platform during his post-presidency, allowing him to reach millions of people in the United States and internationally. The couple has created ‘Higher Ground Productions,’ a company to produce content for Netflix, the streaming service announced.”

Variety: “It is unknown how much the Obamas’ Netflix agreement is worth. In March, Penguin Random House signed the couple to a joint book deal that pays them a reported $65 million for their respective memoirs.”

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