The Obamas have struck a “multiyear” agreement with Netflix that could include both scripted and unscripted series, documentaries and feature films, the company announced on Monday. In March, Netflix named to its board Susan Rice, the former UN ambassador and national security adviser under the Obama administration. The move angered some American right wingers, who called for a boycott of the streaming service. Netflix stock was trading 1.6 per cent higher on Monday after the Obama deal was announced. The company’s market capitalisation of $143 billion (€122 billion) is now just $12 billion (€10 billion) behind that of Walt Disney Company, America’s most valuable media group.

Source: The Irish Times May 21, 2018 18:25 UTC