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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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Springsteen on Broadway | Official Trailer Netflix

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The critically acclaimed, three times extended, Broadway phenomenon makes its global debut on Netflix. Springsteen on Broadway.

Only on Netflix, December 16.

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Marvel’s ‘Daredevil’ has been canceled by Netflix

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Marvel’s ‘Daredevil’ is done on Netflix.

Image: NETFLIX

“Daredevil has seen its last season on Netflix.

The streaming service is canceling the Marvel series, just a little after a month after the third season was released.

“Marvel’s Daredevil will not return for a fourth season on Netflix,” the streaming service said in a statement to Deadline.

“We are tremendously proud of the show’s last and final season and although it’s painful for the fans, we feel it best to close this chapter on a high note.

“We’re thankful to our partners at Marvel, showrunner Erik Oleson, the show’s writers, stellar crew and incredible cast including Charlie Cox as Daredevil himself, and we’re grateful to the fans who have supported the show over the years.”

Daredevil’s account reacted to the news with a simple tweet: “Justice never stops.”

The decision follows Netflix’s recent decision to cancel another Marvel series, Luke Cage, ahead of what was expected to be a third season. That, of course, came right off the back of the Iron Fist cancellation.

It’s possible Daredevil may find new life on Disney’s forthcoming streaming service, Disney+, which is set to launch in late 2019. But in the meantime, fans weren’t very happy about the news.

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Death by Magic – Netflix Trailer

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In the most extreme magic show ever attempted, British magician DMC travels the globe to recreate the stunts that have cost famous magicians their lives. From being buried under wet concrete to escaping a collision with a speeding train, DMC must avoid the fate that met those before him.

Death By Magic launches on Netflix November 30.

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