Netflix will keep ‘Friends’ through next year in reported $100 million agreement

Friends is staying on Netflix in the new year, thanks to a huge new deal.

Netflix reportedly paid roughly $100 million to keep the beloved show for another year, according to The New York Times.

Yes, that’s an enormous amount of money but it’s only a small fraction of the estimated $12-13 billion the streaming giant is using to create content in 2018 alone, according to The Economist.

The Times also reports that in previous years, Netflix only paid $30 million for the streaming rights to the popular sitcom. So why the big jump in price? One easy reason to point to is the public outcry that erupted over the weekend and into Monday when fans everywhere discovered that the show would be yanked from Netflix at the end of December. So, although Friends went off the air in 2004, it obviously retains a devoted fanbase.

Soon after fans began panicking, the expiration date was quickly removed from the show and Netflix's chief content officer, Ted Sarandos, told The Hollywood Reporter that the show’s "departure is a rumor."

The streaming service squashed any remaining doubt with a tweet assuring fans that Friends isn’t going anywhere anytime soon.

“The Holiday Armadillo has granted your wish: 'Friends' will still be there for you in the US throughout 2019,” the post read, featuring Ross (David Schwimmer) in his not-exactly-festive costume.

The new reporting suggests a gigantic deal has been hammered out in a matter of days to ensure the cherished TV gang will be available to fans while nursing New Year's Day hangovers.

However, WarnerMedia has previously announced that they intend to launch their own streaming app late in 2019, where Friends, a property of the company, is destined to reside.

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Friends Cast - 20th anniversary
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Friends Cast - 20th anniversary
FRIENDS -- Season 6 -- Pictured: (l-r) David Schwimmer as Ross Geller, Jennifer Aniston as Rachel Green, Courteney Cox as Monica Geller, Matthew Perry as Chandler Bing, Lisa Kudrow as Phoebe Buffay, Matt LeBlanc as Joey Tribbiani -- (Photo by: NBC/NBCU Photo Bank via Getty Images)
FRIENDS -- Season 10 -- Pictured: Courteney Cox as Monica Geller, Matt LeBlanc as Joey Tribbiani, Lisa Kudrow as Phoebe Buffay, Matthew Perry as Chandler Bing, Jennifer Aniston as Rachel Green, David Schwimmer as Dr. Ross Geller (Photo by NBC/NBCU Photo Bank via Getty Images)
FRIENDS - 'The One With The Engagement Picture' -- Episode 5 -- Aired 11/2/2000 -- Pictured (l-r): Lisa Kudrow as Phoebe Buffay, Jennifer Aniston as Rachel Green, Matthew Perry as Chandler Bing -- NBCU Photo Bank
FRIENDS -- Season 6 -- Pictured: (l-r) David Schwimmer as Ross Geller, Jennifer Aniston as Rachel Green, Courteney Cox as Monica Geller, Matthew Perry as Chandler Bing, Lisa Kudrow as Phoebe Buffay, Matt LeBlanc as Joey Tribbiani -- (Photo by: NBC/NBCU Photo Bank via Getty Images)
FRIENDS -- 'The One with the Fake Monica' Episode 21 -- Pictured: (l-r) Lisa Kudrow as Phoebe Buffay, Matt LeBlanc as Joey Tribbiani, Jennifer Aniston as Rachel Green, David Schwimmer as Ross Geller, Matthew Perry as Chandler Bing, Courteney Cox Arquette as Monica Geller (Photo by NBC/NBCU Photo Bank via Getty Images)
FRIENDS -- Pictured: (l-r) Jennifer Aniston as Rachel Green, David Schwimmer as Ross Geller, Matthew Perry as Chandler Bing, Lisa Kudrow as Phoebe Buffay, Courteney Cox Arquette as Monica Geller, Matt LeBlanc as Joey Tribbiani (Photo by Andrew Eccles/NBC/NBCU Photo Bank via Getty Images)
FRIENDS -- 'The One After 'I Do' -- Episode 1 -- Aired 09/27/2001 -- Pictured: (l-r) Lisa Kudrow as Phoebe Buffay, Courteney Cox as Monica Geller-Bing, Jennifer Aniston as Rachel Green-- Photo by: Danny Feld/NBCU Photo Bank
FRIENDS -- 'The One With The Christmas In Tulsa' -- Episode 10 -- Aired 12/12/2002 -- Pictured: (l-r) Matt LeBlanc as Joey Tribbiani, Courteney Cox-Arquette as Monica Geller Bing, Lisa Kudrow Phoebe Buffay, David Schwimmer as Ross Geller, Jennifer Aniston as Rachel Green -- Photo by: NBCU Photo Bank
FRIENDS -- 'The One Where the Stripper Cries' -- Episode 11 -- Aired 2/5/2004 -- Pictured: (l-r) Courteney Cox Arquette as Monica, Jennifer Aniston as Rachel, Matthew Perry as Chandler -- Photo by: NBCU Photo Bank
FRIENDS -- 'The One With The Boob Job' -- Epsiode 16 -- Aired 2/20/2003 -- Pictured: (l-r) Matt LeBlanc as Joey Tribbiani, Jennifer Aniston as Rachel Green, Courteney Cox-Arquette as Monica Geller Bing, Matthew Perry as Chandler Bing -- Warner Bros. Photo
FRIENDS -- 'The One With Monica And Chandler's Wedding' -- Episode 24 -- Aired 5/17/2001 -- Pictured: (l-r) Lisa Kudrow as Phoebe Buffay, Courteney Cox as Monica Geller-Bing, Matthew Perry as Chandler Bing, Jennifer Aniston as Rachel Green -- Photo by: Danny Feld/NBCU Photo Bank
FRIENDS -- 'The One With The Embryos' -- Episode 12 -- Aired 1/15/1998 -- Pictured: (l-r) Matt Le Blanc as Joey Tribbiani, Matthew Perry as Chandler Bing, Jennifer Aniston as Rachel Green, Courteney Cox as Monica Geller (Photo by NBC/NBCU Photo Bank via Getty Images)
FRIENDS -- Season 2 -- Pictured: (l-r) Matthew Perry as Chandler Bing, Jennifer Aniston as Rachel Green, David Schwimmer as Ross Geller, Courteney Cox as Monica Geller, Matt LeBlanc as Joey Tribbiani, Lisa Kudrow as Phoebe Buffay (Photo by NBC/NBCU Photo Bank via Getty Images)
FRIENDS -- 'The One with the Embryos' Episode 12 -- Pictured: (l-r) Jennifer Aniston as Rachel Green, Courteney Cox as Monica Geller, Matthew Perry as Chandler Bing (Photo by J. Delvalle/NBC/NBCU Photo Bank via Getty Images)
FRIENDS -- 'The One That Could Have Been: Part 1, 2' Episode 15, 16 -- Pictured: (l-r) Courteney Cox as Monica Geller, Matt LeBlanc as Joey Tribbiani, Jennifer Aniston as Rachel Green (Photo by Chris Haston/NBC/NBCU Photo Bank via Getty Images)
FRIENDS -- 'The One with the Embryos' Episode 12 -- Pictured: (l-r) Matthew Perry as Chandler Bing, Matt LeBlanc as Joey Tribbiani, Courteney Cox as Monica Geller, David Schwimmer as Ross Geller, Debra Jo Rupp as Alice Knight Buffay, Jennifer Aniston as Rachel Green, Giovanni Ribisi as Frank Buffay Jr., Lisa Kudrow as Phoebe Buffay (Photo by J. Delvalle/NBC/NBCU Photo Bank via Getty Images)
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