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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/

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The Haunting of Hill House | Netflix Trailer

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The Haunting of Hill House is a modern reimagining of the iconic novel, about 5 siblings who grew up in the most famous haunted house in America.

 

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Claire has enemies everywhere in final ‘House of Cards’ trailer

Charmaine Blake

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We know better than anyone – the first female U.S. President will have a mighty task proving herself. Claire Underwood faces an onslaught of skepticism and enmity as she ascends the highest office in the land on House of Cards, and the final trailer for Season 6 shows her inspiring fear among those who oppose her.

Claire (Robin Wright) takes over for her late husband Frank (Kevin Spacey, fired for allegations of sexual assault and misconduct), only to be immediately faced with doubts from pundits and the public about her “ability to lead” (and no doubt her temperament, emotional stability, and more). But the greatest mistake her enemies make – as the trailer notes – is underestimating her.

House of Cards‘ final season premieres Nov. 2.

Read more: https://mashable.com/video/house-of-cards-final-trailer/

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Netflix is planning a sci-fi universe based on the novel ‘Recursion’

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“Netflix is making the most out of its deals with TV legend Shonda Rhimesand Planet of the Apes/Cloverfield director Matt Reeves by putting them together for one ambitious project. The creators will work on a feature film and a TV universe based on Blake Crouch’s upcoming sci-fi thriller novel Recursion. It’s unclear what the streaming platform means by “TV universe” — it could be a full-blown series, but it could also just be a limited series that expands on the feature film. According to Netflix Recursion is about a “save-the-world sci-fi thriller, an epic romance, and an intricate police procedural,” which makes it sound like a cross between Cloverfieldand How to Get Away with Murder……………………”

Click here to read the rest of the article: https://www.engadget.com/2018/10/05/netflix-recursion-shonda-rhimes/

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