By Ryan Flaherty

After losing ‘The Office’ to NBCU’s new streaming service, Netflix has lost its second biggest acquisition.

The new WarnerMedia service, titled HBO Max, will launch in Spring of 2020 and has announced they’ll have 10,000 hours of content.

Netflix notably spent $100 million to secure ‘Friends’ through the end of 2019, while WarnerMedia is said to have spent $425 million to secure the show for five years.

The One Where We Have To Say Goodbye.

We’re sorry to see Friends go to Warner's streaming service at the beginning of 2020 (in The US). Thanks for the memories, gang ☕

— Netflix US (@netflix) July 9, 2019