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Netflix To Spend $8 Billion on Content in 2018 Including 80 Original Films

Charmaine Blake

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Netflix Might Spend $8 Billion on Content in 2018, Including 80 Original Films

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:

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Like Father – Netflix Movie Trailer

Charmaine Blake

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Starring Kelsey Grammer & Kristen Bell
When a workaholic young executive (Kristen Bell), is left at the altar, she ends up on her Caribbean honeymoon cruise with the last person she ever expected: her estranged and equally workaholic father (Kelsey Grammer). The two depart as strangers, but over the course of a few adventures, a couple of umbrella-clad cocktails and a whole lot of soul-searching, they return with a renewed appreciation for family and life. Like Father premieres August 3 only on Netflix.

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Netflix’s ‘Lust Stories’ is Indian filmmaking at its finest

Charmaine Blake

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“As Indian cinema’s worldwide audience grows, most people are acquainted exclusively with Bollywood – Hindi-language romantic dramas full of dazzling song-and-dance numbers that may or may not be related to plot.

But Indian cinema has always been more than that, just as Italian film extends beyond neorealism or and the French New Wave is just one piece of a rich history. Cinephiles may know Satyajit Ray’s Apu trilogy, which offers a glimpse of the type of gritty auteurship that doesn’t pay the Bollywood bills, but speaks to some truly fine artistry. Indian short films remain a source of this ingenuity and excellence, and Netflix’s Lust Stories is a fresh new installment.

Like Bombay Talkies before it, Lust Stories is an anthology of short films from known Indian directors Anurag Kashyap, Zoya Akhtar, Dibakar Banerjee, and Karan Johar. They are exceedingly simple stories: a teacher’s obsession with…..”

Read more: https://mashable.com/2018/06/16/netflix-lust-stories/

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Netflixs latest hit The Kissing Booth is a Wattpad success story

Charmaine Blake

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“One of the most popular movies in the U.S. is a terrible teen rom-com called “The Kissing Booth,” and it’s not in theaters. Instead, this Netflix Original with its paltry 17 percent critics’ score on Rotten Tomatoes, shot up to become the No. 4 movie on IMDb, before more recently dropping down to No. 9. Its leads, Jacob Elordi and Joey King, also became the No. 1 and No. 6 most popular stars on IMDb’s StarMeter, respectively, shortly after the film’s launch.

The secret to the movie’s success, however, is not just a combination of teenagers’ questionable taste in entertainment and the power of Netflix’s distribution — though both play a major role, clearly.

Instead, it’s that “The Kissing Booth” is tapping into a built-in audience: teenage Wattpad users.

Yes, Wattpad.

In case you’re not familiar, Wattpad is an online site…..”

Read more: https://techcrunch.com/2018/06/14/netflixs-latest-hit-the-kissing-booth-is-a-wattpad-success-story/

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