As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by NYPost.com:
The couple last week signed a creative production deal with Netflix that one entertainment-industry source said could be valued at more than $50 million.
Ted Sarandos, a major campaign contributor for Obama and the streaming giant’s creative-content chief who oversees an $8 billion budget, helped to broker the deal, the source told The Post.
The article goes on to state the following:
Sarandos and his wife, Nicole Avant, bundled nearly $600,000 in contributions to Obama from their friends and associates during the 2012 presidential campaign.
The couple is friends with the Obamas, and Avant served as the US ambassador to the Bahamas from 2009 to 2011, during the former president’s first term.
Her father, Clarence, a music exec, bundled a total of nearly $450,000 for Obama’s presidential campaigns.
The multiyear Netflix agreement, in the works since at least March, calls on the Obamas “to produce a diverse mix of content, including the potential for scripted series, unscripted series, docuseries, documentaries and features,” which will be broadcast in 190 countries, according to a statement from the streaming service, which has 125 million subscribers around the globe.
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In the press release announcing the deal, Sarandos is quoted:
“Barack and Michelle Obama are among the world’s most respected and highly-recognized public figures and are uniquely positioned to discover and highlight stories of people who make a difference in their communities and strive to change the world for the better,” said Netflix Chief Content Officer Ted Sarandos. “We are incredibly proud they have chosen to make Netflix the home for their formidable storytelling abilities.”
Netflix just announced that Barack and Michelle Obama have entered into a storytelling pact with the streaming service. Here’s the full press release 👇 pic.twitter.com/iXLNWWBack
— TicToc by Bloomberg (@tictoc) May 21, 2018
In addition to one his former top campaign bundlers being the chief content officer at Netflix, Obama’s former national security advisor, Susan Rice, has just recently joined the company’s board of directors.
Wednesday, while speaking at a tech conference in Las Vegas hosted by Okta, Obama proudly admitted he wanted to use the Netflix deal as a platform to train the next generation, both in the United States and around the world. “That’s what we hope to be a voice to, through Netflix and through my foundation, where we’re identifying and training the next generation of leaders here in the United States and around the world. So they can start sharing their stories and cooperating,” he said.