< img class=" photograph" src=" /wp-content/uploads/2018/12/AP06072409395_t653.jpg" alt =" Image"
Tuesday, Dec. 4, 2018|4:16 p.m.
SAN FRANCISCO– Netflix will still be there for fans of the old TV series “Pals,” however maintaining the relationship will come at a high cost.
The New York Times reported that Netflix paid $100 million to keep showing “Pals” on its U.S. service through 2019. The paper states that’s more than triple the $30 million a year Netflix had actually been spending for the long-running TELEVISION series about 6 20-something friends in New york city. The report pointed out two unidentified people with direct understanding of Netflix’s deal with the series’ rights holder, AT&T.
Netflix’s determination to pay a lot for a series that ended in 2004 is the current sign of heightening competitors in video streaming.