Netflix plans to add around 700 original movies and TV series to its line-up this year, totalling a spend of $8 billion. That’s two-thirds the GDP of North Korea.
These plans were detailed by Netflix CFO David Wells at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco.
It represents a healthy jump of $2 billion over the amount it spent on original content in 2017.
Originals worth watching
Netflix streaming exclusives we’ve already seen in 2018 include Duncan Jones’s interesting but critically panned Mute and sci-fi TV series Altered Carbon.
Other oddities to look forward to in 2018 include a TV reboot of sci-fi classic Lost in Space and the The Ballad of Buster Scruggs mini-series, directed by the Coen brothers.
As of January 2018, Netflix had 117.6 million subscribers worldwide. Amazon’s rival Prime video lags behind, despite having an estimated 90+ million Prime subscribers in the US alone. IHS Markit estimates there were 44 million active Prime Video users in 2017.
Fancy returning to Netflix or, finally, giving it a try? A standard subscription costs $10.99 (£7.99, $AU13.99) a month, while the premium sub with 4K video and four concurrent streams costs $13.99 (£9.99, $AU17.99).
- Looking for what to watch from Netflix's current catalogue? Check out: Best shows on Netflix or Best movies on Netflix UK
Via Variety
from TechRadar - All the latest technology news http://www.techradar.com/news/netflix-plans-to-spend-8-billion-on-700-original-tv-series-and-movies-in-2018
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