Even though WarnerMedia has snatched up exclusive streaming rights to 'Friends,' Netflix is getting the last laugh. jennifersaba
WarnerMedia said on July 9 that its forthcoming video-streaming service launching in spring 2020 will be called HBO Max, and will carry exclusive content including the hit TV series “Friends.”
WarnerMedia is paying $425 million in total for the rights in a five-year contract starting 2020, the Wall Street Journal reported, citing sources familiar with the deal. Warner Bros studio, which owns the rights, is owned by AT&T, as is WarnerMedia. Currently, Netflix is airing “Friends” and paid AT&T some $80 million for the opportunity to stream it on its service this year.
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