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Why Netflix's $100 million 'Friends' deal chips away at quality content

Instead of acquiring a lot of middling latest movies, Netflix needs to invest in classics.

J Jagannath 

J Jagannath

Online streaming service Netflix recently raised its subscription charges in the US by 13-18 per cent. This was in the offing considering how much cash the company has been burning to become a one-stop shop for everything the audiovisual world has to offer.

It recently paid a whopping $100 million to WarnerMedia so as to show Friends, the popular 1990s sitcom, until the end of 2019. This kind of deal raises doubts about Netflix being serious about promoting quality content. By now, anyone who had to watch Friends and revel in its shopworn humour would have already done so and would be ...

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First Published: Fri, February 01 2019. 19:24 IST
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