Netflix & The Obamas Part Ways

- June 4, 2026
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Treasury Secretary Scott Bessent acknowledged Wednesday that he threatened to “kick ass” during a heated confrontation last year, while firmly denying reports that he threatened to punch the now-acting Director of National Intelligence “in the face.”

The unusual exchange emerged during a Senate Finance Committee hearing, where Sen. Thom Tillis (R-NC) pressed Bessent about reports surrounding a confrontation between the two Trump administration officials during the summer of 2025.

According to Bessent, one key detail in the widely circulated account was inaccurate.

While he denied threatening.

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Seijah Drake was born in Boston, MA, where she developed a penchant for writing early on and a passion for politics in college. After college she worked briefly for a conservative media in New York before relocating to the Greater D.C. Area to pursue a career in political marketing. She now resides in the free state of Florida.

President Barack Obama and Vice President Joe Biden participate in a video teleconference with the staffs of Embassy Baghdad and Consulates Erbil and Basrah, at the U.S. Department of State in Washington, D.C., Oct. 24, 2014. (Official White House Photo by Pete Souza) This official White House photograph is being made available only for publication by news organizations and/or for personal use printing by the subject(s) of the photograph. The photograph may not be manipulated in any way and may not be used in commercial or political materials, advertisements, emails, products, promotions that in any way suggests approval or endorsement of the President, the First Family, or the White House.
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Higher Ground Productions, the media company founded by Barack Obama and Michelle Obama, will not renew its production agreement with Netflix when the current deal expires at the end of 2026, bringing an eight-year partnership to a close.

The agreement, signed in 2018, gave Netflix a “first-look” arrangement on Higher Ground’s projects and was reported to be worth tens of millions of dollars. Under the deal, the company produced a combination of documentaries, films, and series, including the Academy Award-winning documentary American Factory.

Shift Toward Independence

In recent remarks, Barack Obama said the company is moving toward a more independent model that would allow it to collaborate with multiple studios rather than remain tied to a single distributor. Neither Higher Ground nor Netflix has publicly provided detailed reasons for the decision not to renew the agreement.

The decision comes as streaming platforms across the industry reassess large, long-term production deals that were common during the rapid expansion of streaming services in the 2010s.

Connections Around the Original Deal

At the time the partnership was formed, several relationships drew attention. Ted Sarandos, then the company’s chief content officer, played a key role in securing the deal and had previously been a political supporter of Barack Obama, and raised hundreds of thousands of dollars for him.

Sarandos is also married to Nicole Avant, who served as ambassador to the Bahamas during the Obama administration from 2009 to 2011.

Additionally, Susan Rice—a longtime Obama administration official—joined Netflix’s board of directors in 2018, shortly before the Higher Ground deal was made. Her appointment, along with other high-profile public figures, drew scrutiny from some observers at the time.

Output and Impact

During its partnership with Netflix, Higher Ground focused largely on documentary and issue-driven programming, along with some scripted and children’s content. While several projects received critical recognition and awards attention, assessments of the deal’s overall impact vary, with some industry observers questioning whether it produced major breakout hits relative to its reported cost.

Industry Context

The end of the agreement reflects broader shifts in the streaming landscape. As companies face increased competition and pressure to manage costs, many have scaled back or restructured exclusive deals with creators and production companies.

For Higher Ground, the transition may provide greater flexibility in choosing distribution partners. For Netflix, it marks the conclusion of one of its more high-profile partnerships from the earlier years of the streaming boom.

As both sides move on, the deal is a noteworthy example of when politics, media, and entertainment collide during a period of rapid change in the industry.

READ NEXT: Paramount Skydance Sues Warner Bros. Discovery Over Netflix Deal Disclosures

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Seijah Drake

Seijah Drake was born in Boston, MA, where she developed a penchant for writing early on and a passion for politics in college. After college she worked briefly for a conservative media in New York before relocating to the Greater D.C. Area to pursue a career in political marketing. She now resides in the free state of Florida.

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