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'The Office' Leaving Netflix in 2021 With a Twist

'The Office' Leaving Netflix in 2021 With a Twist”

Widely expected but now official: NBCUniversal (NASDAQ:CMCSA) will be taking back popular sitcom The Office from Netflix (NASDAQ:NFLX) in 2021, when its contract ends, to bring the program to its upcoming streaming service.

Hours after the news about The Office went viral, Netflix tweeted out the old news and wrote, "just leaving this here for totally no reason". However, fans of the popular NBC sitcom shouldn't be anxious since the series will be moving to NBC's upcoming streaming service. Netflix is certainly out.

The Office was streamed for over 52 billion minutes in 2018, making it the most watched show on any streaming service. The NBCUniversal streaming service will be ad-supported. Hey, if you can't beat 'em, throw subtle shade at them and enjoy the streaming rights while you still have 'em, right?

More news: Pompeo says USA prepared to remove troops from Afghanistan

According to a statement form NBCUniversal, the deal will last for five years. Unlike Netflix, the NBCU service will include advertising. It's likely the price will shoot up once people start to realize they won't be able to watching their favorite comfort show on Netflix anymore. That's slightly less than what Netflix reportedly paid Warner Media for Friends this year which cost $100 million although that figure has been reported to be inflated with the true figure being around $80 million.

For cable cutters looking to keep the ability to stream the series whenever they want, the move also means they'll have to consider shelling out some more cash to yet another new streaming service set to launch in the foreseeable future. Disney, Apple and AT&T have all announced plans to roll out new streaming services over the next two years.

Now is the best time to pick up a copy of the entire The Office series of Amazon or another retailer, some even have hefty sales going on.



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