Obama and Netflix in Talks for New Show, Stock Jumps 2.6 Points

Excitement over former President Barack Obama’s appearance on David Letterman’s Netflix show, My Next Guest Needs No Introduction, has barely died down, and already there are hints of more to come. Barack Obama teaming up with Netflix

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Excitement over former President Barack Obama’s appearance on David Letterman’s Netflix show, My Next Guest Needs No Introduction, has barely died down, and already there are hints of more to come.

According to the New York Times, the beloved ex-Prez is in advanced talks with the streaming network to produce a series of shows. This will allow the Nobel Prize winner and best-selling author a chance to continue reaching out on an international scale following his eight years in the U.S. presidency.

More to Come: Former President Obama and Former First Lady Both in Talks

The deal isn’t final yet, but according to the initial terms, Netflix will pay Michelle and Barack Obama for content exclusively available on the streaming service. The format for the shows, or the number of episodes, isn’t yet clear.

As usual, Mr. Obama isn’t planning on lowering himself to using this platform to respond directly to the opposition or Donald Trump. Instead, the Obamas want to produce shows that inspire people, according to reports.

Along with his 101 million Twitter followers and the 55 million people connected to his Facebook page, the new show will expand Mr. Obama’s reach to nearly 118 million Netflix subscribers across the globe.

Will This Reveal Obama’s Future Plans?

The show could reveal a bit more about the former president’s plans. The restrictions of office are gone now. so it should prove very interesting to find out what is next on his agenda.

On Thursday, Eric Schultz, Mr. Obama’s senior advisor told the press:

“President and Mrs. Obama have always believed in the power of storytelling to inspire. Throughout their lives, they have lifted up stories of people whose efforts to make a difference are quietly changing the world for the better.

As they consider their future personal plans, they continue to explore new ways to help others tell and share their stories.”

The market has responded clearly with approval, with Reuters reporting a 2.6 percent upswing in Netflix stock after the announcement.

Wall Street firm GBH Insights also provided their full endorsement of the movie. According to financial news network CNBC, GBH Insights analyst Daniel Ives told clients that:

“We believe Netflix remains in a unique position of strength to grow… with a potential Obama deal the latest ‘feather in its cap.'”

The Obamas might be Netflix’s newest producers from CNBC.

Speculation abounds over the show’s planned topics. And it’s not yet cleared how much the US’s ultimate power couple will be paid for their efforts. A recent production deal involved a five-year contract of $300 million for former 21st Century Fox producer, Ryan Murphy.

Mr. Obama has been engaging more frequently lately, since he left office. He’s been giving speeches and appeared on the aforementioned David Letterman project.

Not the First, and Certainly Not the Last

And this isn’t the first deal that he and wife Michelle have negotiated together. They worked together in a package publication deal with Penguin Random House for $65 million for their memoirs. Although book deals are common for former presidents, television production is new ground broken.

The former president hasn’t been shy about sharing his concerns regarding recent trends in media and politics. Although he hasn’t directly attacked Trump, his administration, or the Republican majority in Congress, he hasn’t held back.

He expressed his frustration with conservative media, telling Letterman during his Netflix episode:

“If you watch Fox News, you are living on a different planet than you are if you are listening to NPR.”

And it’s easy to understand his frustration. The unrestrained distribution of Russian propaganda revealed by the recent indictment of Russians using social media to spread false information is bad enough. Such attacks using false information from fellow citizens in the media is more than a little disconcerting.

It’s reassuring to know that Barack Obama will still be part of the national discourse, in any capacity. His calm demeanor and subtle humor has been sorely missed, and so has his corny “dad jokes.”


Featured image via Netflix YouTube Channel

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