Netflix has officially announced that "Friends" is moving in 2020 to WarnerMedia's streaming service, which is officially called HBO Max.
Netflix had reportedly agreed to pay around $100 million to continue licensing the program through 2019. HBO Max will officially launch in spring 2020 and it will start with about 10,000 hours of premium content.
“HBO Max will bring together the diverse riches of WarnerMedia to create programming and user experiences not seen before in a streaming platform. HBO’s world-class programming leads the way, the quality of which will be the guiding principle for our new array of Max Originals, our exciting acquisitions, and the very best of the Warner Bros. libraries, starting with the phenomenon that is ‘Friends,’” said Robert Greenblatt, chairman, WarnerMedia Entertainment and Direct-to-Consumer.