NBC Universal surpasses Netflix and pays $ 500 million for the rights to stream The Office
- NBC Universal pays $ 100 million a year for five years to stream the show
- It defeated Netflix during negotiations and will start hosting the show in 2021
- Universal Television, owned by NBC Universal, produced the show from 2005-2013
- The show was one of Netflix's most popular films and attracted millions of viewers
NBC Universal has outlawed Netflix to pay $ 500 million for the rights to host The Office on its new streaming service when it is launched in 2021.
The network announced on Tuesday that it will pay $ 100 million a year to exclusively host all nine series of the show on its site when it is launched. It will remain on Netflix until the current contract expires in January 2021.
The show was originally produced by Universal Television, which owns NBC Universal.
In an announcement on Tuesday, Pearlena Igbokwe, president of Universal Television, said it was one of the & # 39; most appreciated & # 39; series of the network.
NBC Universal has acquired the rights to stream The Office when it launches its first streaming service in January 2021 (the show is shown)
& # 39; The office is one of our most appreciated series, and we are happy to have found an exciting new home where generation after generation will continue to discover and rediscover the most damaging moments of Michael Scott, Jim and Pam & # 39; s will-they-or-won & # 39; t-she, and the incredible quirky ensemble that makes every episode a master class in comedy, & # 39; she said.
Netflix feels sorry for the loss on Twitter.
& # 39; We are saddened that NBC has decided to take back The Office for its own streaming platform – but members can watch the show without ads on Netflix until January 2021 & # 39 ;, said the service in a tweet.
The show stopped filming in 2013 after eight years of production. By going to Netflix, it has won a new generation of viewers and has gained a boost in popularity.
Netflix criticized the news on Twitter. The office is one of the most viewed programs & # 39; s
Last year, NBC chairman Robert Greenblatt said that the network regretted being given the streaming giant so cheaply.
& # 39; I believe this is the number 1 most popular game on Netflix … there are millions of streams of those episodes.
& # 39; I believe that Netflix has made it extremely popular and popular than it was when it was on the network.
& # 39; And they pay a lot of money for it.
& # 39; If we knew how popular it would be before they made the deal, we would have asked for more money! & # 39;
It is an American adaptation of the British comic series with the same name that started in 2001 and played with Ricky Gervais.
NBC has yet to share information about how its streaming service will work and, crucially, how much it will cost compared to rivals.
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