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Obama In Talks To Produce Shows For Netflix, Report Says

Obama In Talks To Produce Shows For Netflix, Report Says

Netflix shares surged to an all-time high following the news that Barack Obama and Netflix reportedly are negotiating a deal for the former president and his wife, Michelle, to produce shows exclusively for the streaming service.

Under the terms of a proposed deal, Netflix will pay former United States president Barack Obama and his wife Michelle Obama for exclusive content on the video streaming service.

Abramson was sacked from her executive editor position at The New York Times in 2014, The New Yorker reported.

The deal would provide the couple with a platform to tell "inspirational stories" to the millions of subscribers of Netflix, according to The New York Times.

In one possible show idea, Obama could moderate conversations on topics that dominated his presidency - health care, voting rights, immigration, foreign policy, climate change - and that have continued to divide a polarized American electorate during President Trump's time in office. While the former First Lady Michelle could focus on a nutrition program, which she championed throughout her time in the White House.

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And it has been investing heavily in content as it tries to grow that subscriber base - with hit shows such as Stranger Things and Black Mirror as well as films and documentaries.

"President and Mrs. Obama have always believed in the power of storytelling to inspire".

It is unclear how much the Obamas will be paid if a deal is struck. Throughout their lives, they have lifted up stories of people whose efforts to make a difference are quietly changing the world for the better. Obama spokeswoman Katie Hill declined comment on the report.

In addition to Netflix, executives from Apple Inc and Inc have also expressed interest in talking to Obama about content deals, according to NYT.

Netflix said it ended a year ago with about 117 million users, including slightly more than 110 million paid subscribers.