In an effort to outwit, out-win, and outshine up and coming streaming competitors, Netflix announced last week that the entity is prepared to pay upwards of $12 billion dollars in licensing and producing content in 2019.
Even with this announcement, some studio partners holding licensing agreements with Netflix (like WarnerMedia sharing Friends) haven't pulled away from the media giant. This may go against WarnerMedia's strategy to bring owned content ‘in-house’ in an effort to make it exclusive, but the former Time Warner company has it's reasons, just as Netflix has theirs.
To learn more about what's up with Netflix, click the link below to the FilmTake article that gives you all the deets.
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