Netflix is always coming up with new original shows and films [VIDEO], many of which are excellent, but it sometimes pays to keep some of the older series. This is particularly true of the US 1990s sitcom “Friends,” a highly popular series that people tend to binge over and over again.

The streaming service had announced it was dropping the series as of 1 January 2019 and there was outrage on social media over the news. Whether that persuaded the streaming channel to keep it or not, the good news is that “Friends” will be staying after a new deal was agreed for the sitcom.

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‘Friends’ will continue on Netflix

The New York Times reports that Netflix had paid around $100 million (£78 million) in a new deal for the popular sitcom. Other sources say the figure was between $70 and $80 million.

Whichever it is, the streaming service paid handsomely for the privilege of letting their customers carry on their “Friends” binges.

When Netflix acquired “Friends” in 2014, it was one of its biggest acquisitions to date at $30 million (£24 million). The only potential drawback is the new deal is only currently agreed for one year.

Netflix and Disney products

With Amazon and the future new Disney streaming channel entering the market, things have become highly competitive and they all need to keep their customers satisfied. Even YouTube is getting into the race [VIDEO] with their new YouTube Originals channel.

On Netflix’s side, it recently lost access to all the Disney films and series, after that company decided to start their own channel.

Netflix has also cancelled the Marvel TV series including season 3 of “Daredevil.” This means Netflix has to pay good money to get hit content for its streaming service and to expand its viewership. It must also continue producing hit original series and films. The New York Times reports that it has 57 million customers in the US as well as 130 million worldwide.

As noted by The Wrap, Netflix now doesn’t hold exclusive rights to “Friends,” as WarnerMedia will also be launching a new streaming channel in the US at the end of 2019 where our pals Rachel, Ross, Monica, Chandler, Phoebe and Joey will be featured. This means that the deal Netflix made was cheaper than the norm. That report also mentioned that the US streaming service Hulu paid a hefty price tag for the sitcom “Seinfeld” in 2015, going to show that older series are definitely important.

Meanwhile, “Friends” fans can definitely celebrate on hearing that the popular sitcom will still be available on Netflix for their binging pleasure.