This was clearly just some bogus payoff deal from the get-go.
Netflix slush fund. What in the world do the Obamas know about producing anything, because they let their daughter intern for Harvey, or had Jay-Z to the White House?
I thought the same thing, and posted similar comments on this forum a few days ago. After thinking about it however, and without discounting the real possibility of graft or even just wanting to reward the lefts Dear Leader, there may be a legitimate reason for this deal.
As I understand it, the biggest job of an executive producer is raising the funds needed to launch new productions. Particularly I would think for SJW movies that wont rake in huge box office. Obviously the Obamas have the influence to do that. This may also pay for some unregistered lobbying down the road.