It's official: Barack and Michelle Obama sign production deal with Netflix

More than a year after he left the White House, Barack Obama's post-presidential life is beginning to take shape — and Netflix will be a big part of it.

Two months after rumors first started swirling that the former first couple was interested in producing content for the streaming service, Netflix confirmed the deal on Monday, tweeting that "President Barack Obama and Michelle Obama have entered into a multi-year agreement to produce films and series for Netflix, potentially including scripted series, unscripted series, docu-series, documentaries, and features" through their new entity Higher Ground Productions.

"One of the simple joys of our time in public service was getting to meet so many fascinating people from all walks of life, and to help them share their experiences with a wider audience," former President Obama said in a statement. "That's why Michelle and I are so excited to partner with Netflix — we hope to cultivate and curate the talented, inspiring, creative voices who are able to promote greater empathy and understanding between peoples, and help them share their stories with the entire world."

This is not the former president's first post-presidential appearance on Netflix; back in January, he was the very first guest on David Letterman's talk show My Next Guest Needs No Introduction.

The Obama's also signed lucrative book contracts for memoirs. Michelle Obama's memoir Becoming, in which she talks about her roots and "how a girl from the South Side found her voice," she recently said, is due out in November from Crown Publishing Group.