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from the pray-I-do-not-alter-it-any-further dept.
It's difficult to imagine that Friends, a show that ended 15 years ago, could be of any real importance to a modern streaming giant like Netflix.
In fact the sitcom, which features a bunch of 20-somethings living together in a time before streaming was even invented, is US Netflix's second-most watched show.
Today, Netflix announced that it's poised to lose its rights to broadcast the series to its original parent company, Warner, which plans to launch its own streaming service, HBO Max in the first quarter of 2020.
The blow follows another announcement in June that Netflix's number one series, the US version of The Office, is also being snatched back by its creators, NBCUniversal, to be broadcast exclusively in the US on its own yet-to-be-launched streaming service.
Old media, analysts are noting with no small amount of surprise, is suddenly bringing the fight to Netflix, and it looks like Netflix could be the one that gets knocked out, or at least very knocked around.
(Score: 1, Insightful) by Anonymous Coward on Saturday July 13 2019, @12:48PM
This is one of those zombie companies that never makes a profit but seems to have access to an unlimited line of credit. If that ever starts drying up they will shrivel up like pets.com.