Netflix to invest 85 percent spending on original content

Netflix chief content officer Ted Sarandos. Image from Twitter/@sarcastard1

Netflix chief content officer Ted Sarandos. Image from Twitter/@sarcastard1

Ted Sarandos, the streaming network's Content Chief, shared this information at MoffettNathanson's Media & Communications Summit 2018, according to the report.

If you've only watched a few of the latter, then you're about to have a lot more to add to your "must watch" list since Netflix's Chief Content Officer, Ted Sarandos, said the platform will have 1,000 originals streaming by the end of the year. "80 films are among the new original content for this year, including everything from low-budget productions to "$100 million blockbusters", Sarandos explained. Sarandos also said that he was surprised it took so long for other companies like Disney to jump into the streaming business, and said that Netflix still has no plans for live sports or news. And with a lineup of shows like Stranger Things, Lost in Space, big deals with Ryan Murphy and Shonda Rhimes, and the newly-acquired horror anthology from Guillermo del Toro, it's no wonder the streaming service has such a great reputation. The company expects its content spending for 2018 to be up to United States dollars 8 billion. Some of this investment is recovered through the monthly subscription fees people pay.


In a research note Tuesday, Olson said his survey results suggest that two-thirds of Netflix's US subscribers would stick with the service even if it raised prices to $15 a month or more. S., and the company maintains it could eventually claim as many as 90 subscribers in its home country.

"The creators we're talking to, they watch Netflix and they want to be on our network", said the CCO. (Piper Jaffray conducted a similar survey of Netflix subscribers in 2016). Currently there are roughly 500 Netflix original shows and movies on the streaming service now.

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