Netflix is reportedly ready to start a new stream: news.
The streaming giant is hoping to start a weekly news show to rival “60 Minutes” and ABC’s “20/20”.
Recently, Netflix has nabbed big names like David Letterman for a weekly celebrity interview series but in the coming months, it hopes to branch out.
“Netflix has spotted a hole in the market for a current affairs TV show encompassing both sides of the political divide and are seeking to fill it,” an executive from Netflix told MarketWatch.
“Netflix is proceeding with caution over this because they’re well aware that most new current affairs shows underwhelm and are expensive. They want to make their show economically viable without compromising the production costs and newsgathering operation.”
As The New York Times reported last week, former president Barack Obama and former first lady Michelle Obama are in talks to produce some content for Netflix which, according to the Times, will focus on “the power of storytelling to inspire.”
Twitter is loving the new idea: