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Netflix to release almost 500 original movies & TV shows by Dec 2018
16 May 2018, 10:31 | Sandy Nunez
Netflix chief content officer Ted Sarandos. Image from Twitter/@sarcastard1
That's pretty incredible considering there are roughly 500 Netflix original shows and movies on the streaming service now. While the algorithm remains and is strengthened every time you click on something to watch, what you are actually choosing is changing and it's not because of your tastes, but because Netflix is adding more of its original content to its archive and spending lots on it.
Netflix is planning to release around 1,000 original shows and movies which will be available on the streaming service by the end of 2018.
The Walt Disney Company will stop providing Netflix with films starting in 2019, serving as a catalyst for the company's increase in original content, Reuters reported.
Speaking at a MoffettNathanson media conference on Monday, Sarandos said that 85 percent of Netflix's new spending on content is going toward the company's own original works. Consumers said that content variety was the most appealing feature of Netflix, while exclusive content was the least important to them, per Business Insider Intelligence exclusive data. The other main method for Netflix to pay the bills is through those monthly subscription fees paid by its members.
Netflix is easily one of the biggest streaming services on the planet right now.
Netflix has brought some pretty spectacular original shows into our lives, and from the looks of their new spending, they're only going to create more fantastic original content.
Part of the context here is that numerous studios that have sold their content to Netflix in the past are now either saving it for their own streaming services or looking to raise the prices. S., and the company maintains it could eventually claim as many as 90 subscribers in its home country.
"The creators we're talking to, they watch Netflix and they want to be on our network", said the CCO. (Piper Jaffray conducted a similar survey of Netflix subscribers in 2016).
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