HBO Max, a new streaming service, lands Friends for $85 million/year for 5 years

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Forget Where in the World is Carmen San Diego?, the internet’s newest craze if Where in the Worlds is Friends Streaming? Because, apparently, it’s not where we thought. Back in December, I reported on the Netflix payout to extend its Friends deal with the gasp-inducing price tag of $100M. Now, just eight months later, I am reporting that HBO has landed the exclusive streaming deal for Friends to the tune of $425M or $85M a year for five years. WarnerMedia will launch HBO Max in 2020. Not only is this where we will find our Friends, but also Fresh Prince of Bel Air, Pretty Little Liars, Batwoman and the Riverdale spinoff Katy Keene, as well as the whole library of HBO series and movies.

It’s official: Friends is moving from Netflix to WarnerMedia’s streaming service, now officially called HBO Max.

HBO Max will also be the new streaming home for all fare from The CW (which was previously housed at Netflix), as well as original feature films from prolific producer Greg Berlanti and Reese Witherspoon. HBO Max is set to launch in spring 2020 and will debut with 10,000 hours of premium content. Sources say WarnerMedia paid $85 million per year for five years ($425 million total) to land Friends for its own service, outbidding Netflix for the ensemble comedy starring Jennifer Aniston.

HBO Max will also be the exclusive streaming home for all episodes of The Fresh Prince of Bel-Air, as well as Pretty Little Liars. Those will join all HBO current series and library content including Game of Thrones and The CW originals starting with Batwoman and Riverdale spinoff Katy Keene. All of those series, as well as Friends, are produced by Warner Bros. TV. The CW’s streaming deal with Netflix expired in May. Current CW series already streaming on Netflix (like Riverdale and The Flash) will continue to do so until they wrap their runs. (To be clear, Batwoman and Katy Keene will not be available on HBO Max until 30 days prior to the next seasons; Netflix landed current seasons eight days after a finale aired.)

The Friends move from Netflix was expected after the streaming giant paid producers Warners $80 million to $100 million to continue to have the former NBC hit for all of 2019. The show will move to HBO Max when that deal expires at the start of 2020. WarnerMedia Entertainment

Source:: Cele|bitchy – News

      

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