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Netflix Spends $13billion on Content in 2018

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With Netflix, it’s a matter of both quantity and quality when it comes to the streamer’s massive spending habits. The company continues to fascinate as it forges its own unique path in the world of entertainment, one that doesn’t rely on time-slots, steep cable bills or one-size-fits-all entertainment options. Instead, the streaming giant caters to more niche audiences, with a wide range of tastes, that can binge what they want when they want. Convenience and affordability, with monthly subscription costs that total less than going to the theater to see one movie, have sealed the company’s successful fate. If you’re stuck for something to watch, you can use NextFlicks’ handy search tool to find a film online

Netflix consistently studies its subscribers’ tastes and viewing habits. It was originally reported that the company was spending $8 billion on content this year, but now that we’ve passed the halfway point of 2018, that number has been updated. The Economist, citing data from a Goldman Sachs assessment, estimates that Netflix will spend between $12 and $13 billion on content on a cash basis this year. Of this, 85% of new spending is earmarked for original series and movies, a wise move considering that more than 90% of Netflix’s customers regularly watch original programming.

This is more than any Hollywood studio will spend on a slate of movies this year. With this price tag, Netflix subscribers will get 82 new feature films to binge. In comparison, the studio with the biggest slate, Warner Brothers, will put out just 23 films and Disney will only release 10. 

Roughly one-third of Netflix’s viewership is for movies and the streamer has already released well over 30 films this year that have been watched more than 300 million times by over 80 million subscribers worldwide, with an average of more than nine million viewers per film.

As for television series, Netflix will produce or acquire an incredible 700 new or exclusively licensed television shows, including more than 100 scripted dramas and comedies, dozens of documentaries and children’s shows, stand-up comedy specials and unscripted reality and talk shows from an approximate 21 countries.

Editor-in-Chief of Movie Marker. Likes: Scorsese, Spielberg and Tarantino Dislikes: The film 'Open Water' I mean, what was that all about?

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