News of the pending deal follows several big tie-ups between Netflix and some Hollywood heavy-hitters - including a $100 million agreement with Scandal and Grey's Anatomy creator Shonda Rhimes, and a $300 million dollar, five-year deal with Glee and American Horror Story creator Ryan Murphy.
During her tenure as the New York Times' executive editor, Abramson often waved off accusations of its reporting having a liberal tilt. It said a deal has not yet been struck between the Obamas and Netflix.
The type of content that the Obamas are expected to bring to the streaming service hasn't been announced yet in terms of the number of series' or episodes.
Barack Obama and Michelle Obama react to the crowd. However, it has been reported that they won't be using this platform to respond to President Trump or the current political climate in the United States. They also could put together a series or even just a documentary-style program where Obama could discuss issues that he faced in the White House.
A deal could give Netflix an edge in the competitive landscape of streaming media services, which includes Amazon and Hulu.
Netflix's audience of 117 million people across the globe and proven ability to produce quality feature content with back-from-the-dead stars like Dave Chappelle and David Letterman might make the platform the best way to reignite the zeitgeist of the former IL senator's 2008 campaign: a zeitgeist of hope and change, yes we can, and sí se puede.
Should the Obamas secure their own series it would given them a platform to reach an audience of almost 118 million Netflix subscribers, the paper said.
Former US President Barack Obama and his wife Michelle are in talks to produce shows for Netflix, according to the New York Times. That's what he's known for doing the most as the president of the United States.