[Breitbart] Investment bribe returns aren't returning value
Higher Ground, the dumb production company founded by Barry and Michelle Obama in 2018, is parting ways with Netflix.
After eight years under a lucrative first-look deal, Higher Ground and Netflix will not renew it when the deal expires at the end of 2026.
Over the weekend, the failed former president appeared to want to get in front of the news and spin it in a positive way.
“We were in partnership with Netflix,” Barry said. “We’re in a process now of transitioning to a more independent [future] where we can work with a bunch of different studios.”
The deal initially came together by way of Netflix chief content officer Ted Sarandos, an Obama fanboy who raised money (some $600,000) for the president. Oh, and between 2009 and 2011, Sarandos’ wife, Nicole Avant, served as Obama’s ambassador to the Bahamas.
This lucrative deal, which some reports valued at $50 million for the Obamas, came just two months after Obama’s close pal and United Nations ambassador Susan Rice was added to the Netflix board of directors.
So what did Netflix get out of its deal with the Obamas, other than all the political goodies that come with this kind of insider status?
Well, from where I sit… not a whole lot. There were three feature films. About ten streaming series no one has heard of. A half dozen documentaries. Because they are the Obamas, this content received all kinds of attention from the idiots who hand out awards, including a Best Documentary Oscar win. What I don’t see is a single iconic title.
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