Patrick T. Fallon | Bloomberg | Getty Pictures
Reed Hastings, chief govt officer of Netflix
Netflix is within the early levels of growing a information present just like CBS’s “60 Minutes” and ABC’s “20/20,” MarketWatch reported.
The media streaming firm is planning a weekly present affairs present “encompassing either side of the political divide” because it continues its enlargement into each the satirical and the intense sides of stories protection, in response to a tv govt who spoke to MarketWatch on the situation of anonymity.
Netflix has invested closely in present affairs this yr, signing up comedians like David Letterman and Hasan Minhaj to current life-style protection and satire. The New York Instances on Thursday reported Netflix was in superior negotiations with former President Barack Obama for a sequence of excessive profile reveals to share inspiring tales.
Regardless of its curiosity, Netflix is effectively conscious of the potential pitfalls of stories, significantly that “most new present affairs reveals underwhelm and are costly,” the supply instructed MarketWatch, including that Netflix would need the present to be “economically viable.”
Netflix didn’t instantly reply to CNBC’s request for remark.
Learn extra about Netflix on MarketWatch.