Former President Barack Obama had big plans left after eight years in office. Publishers came knocking on his door about exclusive tell-all books about his administration where he landed a three-book deal for a reported $60 million.
But what will prove to be the most lucrative of his post-presidency is the deal his Higher Grounds Productions struck with Netflix to stream all of his content, which will include documentaries, series and films.
And now we’re learning that the Netflix deal struck with Barack Obama backfired in this spectacular way.
Hollywood’s anti-President Trump stance is probably the most obvious thing that currently exists in the world today. To be a conservative in Hollywood is how Republican comedian Tim Allen describes as “You gotta be real careful around [in Hollywood], you know. You’ll get beat up if you don’t believe what everybody believes. It’s like ’30s Germany.”
Former President Barack Obama and his wife Michelle instantly became Hollywood royalty once they both left the White House.
The two struck a deal with Netflix to produce content through their Higher Grounds Productions and they currently have a documentary, “American Factory,” up for an Oscar for Best Documentary Feature at the Academy Awards in a few weeks.
Netflix has become one of the biggest media companies in the world in just two decades. What once was just an easier dvd rental service where it was conveniently delivered to you via the United State Post Office, has now warped or evolved into one of Hollywood’s biggest original content creators and a streaming service juggernaut.
Many wonder what the ceiling for Netflix is and it may be right now.
According to new reports, Netflix disappointed investors when the domestic subscriber growth missed forecasts for the third straight quarter, signaling a weakness in the face of the addition to new streaming services like Disney+, Apple and CBS All Access.
The stock dropped dramatically last week and was down more than 3-percent midweek.
But is it all due to the new services or could there be another reason?
While Netflix blamed the declining growth on competition, like Disney+, it has also been releasing controversial projects in recent months, which may be alienating subscribers.
The company launched a new comedy show in December that portrayed Jesus Christ as a gay man, prompting an international boycott petition, which has surpassed 2 million signatures already.
Also, last year Netflix threatened to pull production from Georgia following the state’s passage of the heartbeat bill on abortion. Ted Sarandos, Netflix’s chief content officer, took an overtly pro-choice stance on the issue. He even suggested he would fight Georgia in court over the bill if necessary. Georgia offers a staggering 35-percent tax incentive to all Hollywood productions.
The deal Netflix struck with the Obamas’ Higher Grounds Productions is the spark that lit the fire. Netflix has been moving further left since the announcement of that deal, which is why they felt comfortable releasing the anti-Christianity and having no shame in a hardline stance against Georgia’s new Heartbeat law.
It has completely backfired on Netflix and they won’t add unprecedented growth until they move away from spreading liberal propaganda.
Even CBS All Access’ “Star Trek: Picard” criticizes President Trump in the new season.
You know where you won’t find any liberal propaganda? You won’t find it on Disney+. And they have shattered expectations in membership so far. Maybe there’s a political reason why that’s the case.