Streamers Go On Off-Net Spending Spree

With several big media companies gearing up for the launch of new streaming platforms, long-running broadcast comedy series are taking center stage as cornerstones of their offerings. NBCUniversal paid $500+ million for The Office, and HBO Max shelled out $425 million for Friends — both pulled away from Netflix. Additionally, Disney+ is taking over streaming rights to The Simpsons library which Disney-owned FX Networks had paid $100 million for in a multi-platform deal several years ago.