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Netflix exec says 85 percent of new spending will go towards original content

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“In case you had any doubts that original content is a big priority at Netflix, Chief Content Officer Ted Sarandos estimated that 85 percent of the company’s total spending is going to new shows and movies.

That’s according to Variety, which reported on Sarandos’ remarks today at MoffettNathanson’s Media & Communications Summit 2018 in New York. He also said Netflix has a 470 originals scheduled to premiere between now and the end of the year, bringing the total up to around 1,000.

It’s probably not surprising that the service is prioritizing originals. After all, Netflix seems to be highlighting a new one every time I open it up, and competitors like Apple, Amazon and Hulu are ramping up their own spending.

But the depth of Netflix’s library, which is achieved by licensing content from others, has always seemed like a strength — in fact, a recent study found that licensed content generates 80 percent of Netflix viewing in the United States.

Part of the context here is that many of the 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.

And while movies account for one-third of viewing on Netflix, Sarandos pointed to new, big budget titles as one area where it no longer makes sense for the streaming service to spend a ton of money — because if you really want to catch the latest blockbuster, you probably already saw it in theaters.

“We said, maybe we can put the billion dollars we’d put in an output deal into original films,” he said.

Sarandos also sees an opportunity to develop more unscripted content like Queer Eye, and to sign big deals with high-profile showrunners like Shonda Rhimes and Ryan Murphy.

Netflix had previously projected that it would spend $7 billion to $8 billion on content this year. And just today, Netflix announced that it’s renewing Lost in Space for a second season (we were fans of season one) and picked up 10 After Midnight, a horror anthology series from Shape of Water director Guillermo del Toro.”

Read more: https://techcrunch.com/2018/05/14/netflix-original-content-spending/

Netflix Stuff

Idris Elba To Star In Hunchback Of Notre Dame Movie For Netflix

Charmaine Blake

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One of the 700 movies and TV shows that Netflix still has in its pipeline includes a modern retelling of The Hunchback of Notre Dame from Idris Elba.

The Avengers: Infinity War actor will star, direct and produce the movie for the streaming service, according to The Hollywood Reporter. Based on a script by Michael Mitnick, the film is being described as sonic and musical experience and will feature an original score.

Victor Hugos classic French novel has seen many screen adaptations, but none more popular than Disneys 1996 animated film. A darker entry in the Disney canon, the film introduced the story of Quasimodo, a hunchbacked bell-ringer, who falls in love with the gypsy Esmeralda to a whole new generation.

Elba has struck gold with Netflix before, earning critical acclaim and a Golden Globe nomination for his role in Beasts of No Nation. Hes also set to star and executive produce the upcoming comedy Turn Up Charlie about a struggling DJ.

The Lutheractor has stepped behind the camera before, making his feature directorial debut earlier this year with Yardie, which premiered at the Sundance Film Festival.

And while he has received more attention for his filmmaking, Elba is also a rapper and DJ, most recently making an appearance on Macklemore & Ryan Lewis album This Unruly Mess Ive Made.

Read more: http://www.huffingtonpost.com/entry/idris-elba-star-hunchback-of-notre-dame-movie-for-netflix_us_5b05c8d4e4b0784cd2b0ee19

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Classic true-crime series ‘The Staircase’ revived by Netflix

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Netflix is reviving the controversy around the death of Kathleen Peterson in 2001 with a new documentary series that expands on one of the first and most popular true-crime series to hit television: The Staircase.

Coming to Netflix June 8, The Staircase will take a look at the death of Kathleen, which her husband Michael claimed happened because she fell down the staircase. Michael was convicted of murdering Kathleen in 2003 despite his claim of innocence and the documentary series chronically the whole ordeal followed soon after in 2004 — and lots of legal happenings have taken place since then.

Netflix’s expansion on The Staircase will take a look at more information from the past as well as new developments in the grisly story when it hits the service June 8.

Read more: https://mashable.com/2018/05/22/netflix-the-staircase-trailer/

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Howard Stern talks about that time Donald Trump called Ivanka ‘a 10’

Charmaine Blake

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Slow clap for Netflix who knows exactly what we want to hear: In a clip to promote the upcoming Howard Stern episode of David Letterman’s talk show on the streaming network, Stern relays the time Trump called his own daughter Ivanka “a 10.”

In the above clip, Stern relays the story of when he and Trump, a frequent guest on his show back in the day, were doing the ol’ “1 to 10 scale” of rating a woman’s attractiveness, and Trump insisted Ivanka was more beautiful than even Angelina Jolie.

Of course, while it may seem at first blush like a braggadocio father, we already have a long history of Trump acting pretty pretty creepy towards his eldest daughter.

We’ll find out what else Stern has up his sleeve about our president when the full episode hits Netflix on May 31.

Read more: https://mashable.com/2018/05/21/donald-trump-ivanka-10-howard-stern-letterman/

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