Netflix has dropped some serious cash over the past few years in order to bolster its ever-growing lineup of original content, famously spending $6 billion in 2017 – but they’re about to spend even more. In the company’s third-quarter earnings report, Netflix announced that they’ll be spending $7 to $8 billion on content in 2018 alone. And that includes around 80 original films, ranging from film festival hits to big-budget films like Bright.
That potential $8 billion for 2018 is a billion dollars more than Netflix’s chief content officer Ted Sarandos previously predicted the company would spend, so it seems like they’re committed to staying on top of the game and investing enough money into their programming that people will continue to come back again and again.
Netflix’s been successful at growing users even in the face of competition like Amazon and Hulu, but with Disney’s own streaming service on the way and Apple finally making a play in the original television content space as well, it’s no surprise that Netflix is shoring up its resources and shelling out more cash to make sure they can stay at or near the top of the streaming wars. Eventually, we’re going to hit a point at which consumers stop subscribing to multiple individual services like this, so Netflix’s plan seems to be making themselves as valuable as possible so they’re the last ones standing when customers inevitably begin making those tough decisions.
The streaming service has seen some of its content slip away through expiring licensing deals, but they know that their bread and butter is ultimately going to be in original content:
Private Life Netflix Movie Trailer
The new film from Academy Award-nominated filmmaker Tamara Jenkins (The Savages, Slums of Beverly Hills), PRIVATE LIFE is the bracingly funny and moving story of Richard (Academy Award-nominee Paul Giamatti) and Rachel (Kathryn Hahn), a couple in the throes of infertility who try to maintain their marriage as they descend deeper and deeper into the insular world of assisted reproduction and domestic adoption. After the emotional and economic upheaval of in vitro fertilization, they’re at the end of their middle-aged rope, but when Sadie (breakout newcomer Kayli Carter), a recent college drop out, re-enters their life, things begin to look up.
Netflix’s spooky ‘Sabrina’ trailer is nothing like the ’90s sitcom you remember
If you’re a fan of the sitcom Sabrina the Teenage Witch…Netflix’s Chilling Adventures of Sabrina may not be for you.
The first trailer for this dark take on the powerful teen (from the makers of Riverdale) promises creepy woods, minotaurs, the occult, and a terrifying cover of “Happy Birthday.” And it’s just a teaser!
Chilling Adventures of Sabrina stars Kiernan Shipka (Mad Men), whose half-human half-witch identity clashes along with the magical and mortal worlds. A far cry from its ’90s cousin, Netflix describes CAOS as “tonally in the vein of Rosemary’s Baby and The Exorcist.” So…no animatronic cat?
Chilling Adventures of Sabrina hits Netflix Oct. 26.
Netflix’s Quincy Jones documentary drops trailer with too many legendary stars to count
“Quincy Jones has too many awards, accolades, and accomplishments to list.
And the legendary musician and film producer’s upcoming Netflix documentary, directed by his own daughter Rashida Jones, features almost as many stars.
The trailer for Quincy shines a spotlight on the influence he had on some of the most talented people in the entire entertainment industry: Oprah Winfrey, Kendrick Lamar, Will Smith, Lady Gaga. And we heard a little Barack Obama moment in there too.
But the doc appears to focus on his life both before and after becoming the iconic Quincy Jones.
You can catch it on Netflix Sept. 21.”
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