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Netflix to spend $8 billion in programming next year

Written by Matti Robinson @ 18 Oct 2017 2:23 User comments (2)

Netflix to spend $8 billion in programming next year

There's no bigger player in the streaming TV and movies scene than Netflix no matter how much you want it YouTube. This year the streaming giant will spend approximately $6 billion in programming, only to increase the spending by quite a margin in 2018.
According to Bloomberg, Netflix is going to up the game another 33% in 2018 bringing the total program spending to a whopping $8 billion. This obviously means that there will be tons of new and popular returning TV shows, host of exciting documentaries as well as record number of original movies.

Netflix's content chief Ted Sarandos told in an investor call that Netflix will release 80 original movies next year, more than three biggest Hollywood studios (Disney, Warner Bros. and Universal Pictures) combined. Not every single one of them, or even most, are big budget blockbuster type of movies but there are those too.

In addition to increasing the content altogether, Netflix has focused their efforts in few specific niches. The upcoming year will bring along Netflix's first ever Danish show (The Rain, a post-apocalyptic adventure) as well as its first Swedish series (Quicksand, a suspenseful crime drama) among other foreign content. This year the company released their first Italian and German shows.

There are also 30 different Japanese anime series in the works.

While many of the TV companies are cutting ties with Netflix as they try to compete in one form or another, CW, owned by CBS and Warner Bros., is continuing to offer shows like Supergirl and The Flash to Netflix.

According to Netflix CEO Reed Hastings the decrease in deals with other studios is not worrying. Netflix has been increasing the amount of original content, or Netflix Originals, which now account for more than 25 percent of the budget.

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2 user comments

119.10.2017 18:48

Is this going to be covered by the current price hike or is there going to be another one in the near future?

Experience is something you don't get until just after you need it

220.10.2017 13:44

I'm bettin' they will have a financial struggle as a result of this expenditure.

No way are that many people cord-cutting to dedicate an extraordinary amount of time to least compared to now.

Netflix is clearly banking on increasing their biz by a seriously larger margin than what normal businesses hope for.

IMO, people just don't "switch" at the drop of a dime. Netflix subscriber base will certainly increase, I just don't think it will enough to compensate for 80 new Netflix-only shows at 8 billion bucks.

But.........these companies venture onto larks all the time; this is no different.

This message has been edited since its posting. Latest edit was made on 20 Oct 2017 @ 1:46

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