Barack and Michelle Obama will produce films and TV shows for Netflix

President Barack Obama and former first lady Michelle Obama will begin producing content for Netflix under their company Higher Ground Productions. According to Netflix, the two will create "a diverse mix of content, including the potential of scripted series, unscripted series, docuseries, documentaries and features."

Rumors of a possible Obama-Netflix partnership have been circulating since March. In a prepared statement, President Obama says he and Michelle are partnering with Netflix to better share each other's experiences. "We hope to cultivate and heal talented, inspiring and creative voices that are able to promote greater empathy and understanding among people, and help them share their stories with everyone," he says. A statement from Michelle Obama adds that "Netflix's unparalleled service fits perfectly with the kind of stories we want to share, and we hope to start this exciting new partnership." The Obamas currently have an agreement for several years with the transmission service. .

President Obama is no stranger to Netflix. Earlier this year, he figured on David Letterman's talk show on Netflix, My next guest needs no introduction with David Letterman