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Netflix inks programming deal with Obamas

As expected, Netflix Inc. signed a deal with former U.S. President Barack Obama and his wife, Michelle, to produce films and series with the streaming service.

Under a multiyear agreement, the Obamas will produce a diverse mix of content, including the potential for scripted series, unscripted series, docuseries, documentaries and features, the company said May 21.

A previous report had indicated that executives from Apple Inc. and Amazon.com Inc. were also courting content deals with the former president.