'The Office' continues to remain one of the popular shows on Netflix too, alongside 'Friends', which also aired on NBC but is owned by Warner Brothers.
Netflix has something big slipping away from its best shows category, and fans don't know how to feel about it. The hit NBC series 'The Office' will soon leave Netflix when its contract expires. Reportedly, NBCU's brand new streaming platform will be showcasing all the nine seasons of the comedy. The new streamer has the exclusive domestic streaming rights to the series for five years. According to CNBC, the deal with Universal Television cost nearly $ 100M per year for NBCU. It was reported that NBCU won over Netflix by bidding for a $90M per year deal. Let's dig deeper into the situation and know what exactly happened.
For those who don't know properly, 'The Office' is an extremely loved and popular US comedy sitcom that was first aired on NBC between 2005 and 2013. The series was a remake of the UK series by Ricky Gervais and soon became of the best and biggest NBC comedy show. Without any doubt, 'The Office' continues to remain one of the popular shows on Netflix too, alongside 'Friends', which also aired on NBC but is owned by Warner Brothers. The fact that NBC now might be having its own streaming platform, Netflix will have to let 'The Office' go with a heavy heart.
Not only is NBC taking away its popular show from Netflix, other media giants like Warner Media, Apple and Disney are also following the same path of launching their own streaming platforms while pulling out their popular shows from Netflix's basket. It was also reported that Warner Media will most likely take back their popular series, 'Friends' from Netflix and air it on their upcoming streaming service after their deal expires.
Well, let's just say, ever since it aired in 2005 for the first time, the series has managed to become a cult-favorite with 42 Emmy nominations and 5 wins among other accolades. Based on the BBC comedy series of the same name, the show is about a fictional company named Dunder Mifflin in Scranton, Pennsylvania. The story revolves around depicting the everyday lives of the employees in a mockumentary manner. The show has some of the best stars which include Steve Carell, Jenna Fischer, John Krasinski, Rainn Wilson, Mindy Kaling, and Mike Schur.
According to the chairman of NBCU DTC and digital enterprises, Bonnie Hammer, “The Office has become a staple of pop culture and is a rare gem whose relevance continues to grow at a time when fans have more entertainment choices than ever before. We can’t wait to welcome the gang from Dunder Mifflin to NBCUniversal’s new streaming service," reported THR. 'The Office' was streamed more than 52 billion minutes according to NBCU.
“The Office is one of our most prized series, and we are thrilled it has found an exciting new home where generation after generation will continue to discover and rediscover Michael Scott’s most cringe-worthy moments, Jim and Pam’s will-they-or-won’t-they, and the incredible quirky ensemble that makes each episode a masterclass in comedy,” UTV president Pearlena Igbokw is quoted as saying by THR.
Going with what Netflix tweeted, 'The Office' will leave Netflix in 2021, therefore, fans have time to binge watch the show with ad-free content until January 2021. In the article, they concluded that “For the time being, Friends and The Office will remain on Netflix through 2019 and 2021, respectively.” Therefore, on January 1st, 2021, the show will be leaving Netflix.
We're sad that NBC has decided to take The Office back for its own streaming platform — but members can binge watch the show to their hearts' content ad-free on Netflix until January 2021— Netflix US (@netflix) June 25, 2019
According to CNBC reporter, Alex Sherman, there have been several negotiations that went behind before it got confirmed that 'The Office' will leave Netflix. Reportedly, Netflix offered an opulent amount of $90 million to keep 'The Office' on Netflix through 2021. Netflix will have to pay $90 million every year to keep the NBC show streaming. This is a little less than how much Netflix paid Warner Media for 'Friends' this year, which was $100 million. Although, $100 million was called as inflation with the true figure being around $80 million.
Friends was $80m-ish— Alex Sherman (@sherman4949) June 25, 2019
So the $100ish was wrong?— Rich Greenfield (@RichBTIG) June 25, 2019
For context here — Friends deal was $80m per year. The Office is watched nearly double the amount of Friends based on third party data. https://t.co/DhsNb4n7Iq— Alex Sherman (@sherman4949) June 25, 2019
This clearly means that Netflix US holds 'The Office' as its dearest and hottest asset. Another report also says that Netflix offered to share the streaming rights for 'The Office'. This is something which is rare to expect from Netflix as it prefers to be the exclusive provider of each show it streams whether that be licensed or an Original. In a tweet, Alex said: “One of the ideas I’m told around splitting rights was Netflix being the home for “ad-free” watching and NBC being the ad-supported option”.