Welp. Friends will be pulled from Netflix after being paid $100M to remain on the streaming service.
AT&T CEO Randal Stephenson confirmed that AT&T will be removing Friends from Netflix. AT&T purchased TimeWarner last year and created WarnerMedia. WarnerMedia owns the rights to the Friends video library and plans to launch their own streaming service.
Shows like Friends and E.R. will be pulled from all competitve streaming networks. Disney is also in the process of pulling all Disney owned content from streaming networks ahead of the Disney Plus launch.
“We are going to have to take a lot of the great content we own that’s been licensed elsewhere and bring that back into the fold,” Stephenson said at a conference in Dallas, as reported by The Dallas News.