Obamas are on the verge of sealing a deal with Netflix

Talks are underway between Obama and Netflix Inc to produce a series of high-profile shows according to the New York Times report.

And Netflix will pay Obama and former first lady Michelle Obama according to the terms of a proposed deal, for exclusive content on the video streaming service that will be available to the streaming service’s nearly 118 million subscribers, NYT said. The source characterized it as a "production partnership" and said the deal has not been finalized yet. But people who are aware of the negotiations said that the program would not be anything like counter-argument against President Trump’s agenda or Obama’s other conservative critics. The financial terms of the deal are not known yet, the daily said.

Apart from Netflix, executives from Apple Inc and Amazon.com Inc have also shown their interest in talking to Obama about content deals, according to NYT.

The American newspaper described two potential shows. In one, "Mr. Obama could moderate conversations on topics that dominated his presidency." Another show "could feature Mrs. Obama on topics, like nutrition, that she championed in the White House."

A senior adviser to Obama, Eric Schultz said in his statement that the Obamas have believed in inspiring others through the power of storytelling.

He added that the Obamas will continue to explore new ways to help and inspire others to tell and share their stories.

Last year, Penguin Random House had offered a deal to publish two books by Barack Obama and Michelle Obama, with one volume to be written by each. The memoir deal followed an intense auction for global rights to the two books with bidding that hit the peak with more than $60 million, a record sum for U.S. presidential memoirs, the Financial Times had reported last year.

In the final days of the Obama administration, it was reported that Obama was interested in pursuing digital media ventures after he left office.