Netflix Is About To Lose "The Office." It Won't Matter.
Several years ago, Netflix (NASDAQ: NFLX) embarked on a new strategy. The company said it would transition gradually to spending most of its content budget on original programming, as much as 85%, rather than licensed content.
Critics have often jeered the move, panning the company's original shows and the cash burn strategy it required, as Netflix has taken on billions in debt and had billions in free cash flow losses in recent years. That strategy may be about to face its biggest test as the streaming service is losing The Office, the hit NBC comedy that has been Netflix's most popular show, or close to it, for much of the last decade. At the end of the year, The Office will move to Peacock, the Comcast-owned streaming service that offers a free, ad-supported tier, though the bulk of the series will be only available to premium Peacock subscribers.
For Netflix investors, however, there's no need to worry about the departure of the popular sitcom.
Source Fool.com
