It has recently been announced that Netflix is planning to release around 80 movies in 2018. This online streaming service has gained about 5.3 million new members: 4.45 million internationally as well as 850,000 members in the U.S. alone, raising the revenue to $2.99 billion just this past year.
According to HypeBeast, “CFO David Wells clarified that ‘there’s no timing correlation between our intent to grow content and to grow content spending and the price increases.’ He continued, ‘This has been planned for a long time.’ Chief content officer Ted Sarandos explained in a recent interview: ‘I think people will start seeing the potential for this original movie initiative, that it could be done on the enormous scale we have on the television side.'”
He went on to discuss an example by covering bases on Netflix’s upcoming film, Bright, which is just one of many time invested films they working on to create. “‘We had three different films released this quarter that, if viewing was buying a movie ticket, would be sizable successes in Death Note, Naked and To the Bone,‘ he said, “and probably very little audience crossover between them.That’s the benefit of the great new original programming coming nearly every day on Netflix.'”
Keep an eye out for many more Netflix originals to come!