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Netflix Has No Regrets on Spending $6 Billion on New Content

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Posted 13 September 2017 - 08:08 AM

Netflix doesn't regret investing billions of dollars into new content, according to company CFO David Wells.

As per The Hollywood Reporter, Wells told Wall Street on Tuesday the roughly $6 billion Netflix will spend this year on content, along with the $4.8 billion it has racked up in debt already, is well worth the cost.

Wells believes the money spent on new and original content—shows like Stranger Things and House of Cards—has helped Netflix get to an estimated 104 million subscribers worldwide.

However, Wells also noted that Netflix may soon be more constrained in its budget. "We might be to the point where we might start seeing more budget constraint," he said. "That has some benefits in terms of helping drive discipline on the content line."

Wells emphasized that Netflix has always been disciplined on how much it bids on new shows despite its large debt, and that the company has "walked away from some things."

Though Netflix is also looking to improve how it works on mobile devices, Wells confirmed the main focus right is on the big TV screen experience.

Disney revealed earlier this month it will pull all of its content from Netflix, including all of its Star Wars and Marvel movies, in favor of its own streaming service that will launch in 2019.

Source: IGN
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Posted 13 September 2017 - 08:07 PM

View Postp0is0n0us, on 13 September 2017 - 08:08 AM, said:

Netflix doesn't regret investing billions of dollars into new content, according to company CFO David Wells.

As per The Hollywood Reporter, Wells told Wall Street on Tuesday the roughly $6 billion Netflix will spend this year on content, along with the $4.8 billion it has racked up in debt already, is well worth the cost.

Wells believes the money spent on new and original content—shows like Stranger Things and House of Cards—has helped Netflix get to an estimated 104 million subscribers worldwide.

However, Wells also noted that Netflix may soon be more constrained in its budget. "We might be to the point where we might start seeing more budget constraint," he said. "That has some benefits in terms of helping drive discipline on the content line."

Wells emphasized that Netflix has always been disciplined on how much it bids on new shows despite its large debt, and that the company has "walked away from some things."

Though Netflix is also looking to improve how it works on mobile devices, Wells confirmed the main focus right is on the big TV screen experience.

Disney revealed earlier this month it will pull all of its content from Netflix, including all of its Star Wars and Marvel movies, in favor of its own streaming service that will launch in 2019.

Source: IGN


It was a good idea on Netflix’s part to do original content. Their Emmy wins alone justify the expense. However, this is STILL a business, so yeah... they might want to be a bit frugal in the future to ensure that investment remains profitable. I, for one, am hooked on “House of Cards.” Haven’t really seen any of the Marvel shows (and I’m a bit tired of Marvel these days), but more drama shows like HOC will keep me hooked (as well as the standup specials; I love those too).
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Posted 14 September 2017 - 04:39 AM

View Postobsolete toaster, on 13 September 2017 - 08:07 PM, said:

It was a good idea on Netflix’s part to do original content. Their Emmy wins alone justify the expense. However, this is STILL a business, so yeah... they might want to be a bit frugal in the future to ensure that investment remains profitable. I, for one, am hooked on “House of Cards.” Haven’t really seen any of the Marvel shows (and I’m a bit tired of Marvel these days), but more drama shows like HOC will keep me hooked (as well as the standup specials; I love those too).


The Marvel TV shows are going the way of the movies. Start off excellent but after a while you see the formula and gets boring. The Defenders should of been awesome, like watching The Avengers where they all team up. Instead it started to feel tired before it began.
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Posted 14 September 2017 - 09:08 AM

View Postp0is0n0us, on 14 September 2017 - 04:39 AM, said:

The Marvel TV shows are going the way of the movies. Start off excellent but after a while you see the formula and gets boring. The Defenders should of been awesome, like watching The Avengers where they all team up. Instead it started to feel tired before it began.


My hope is on Jessica Jones staying consistently good. Daredevil didn't click for me, Luke Cage was good - but not something I was in a rush to see again - and I can't be bothered with Iron Fist at all. JJ seemed to hit all the right notes and the others couldn't keep up.

I'm surprised Orange Is The New Black isn't name dropped as thats been quite a hit and began to take a few intriguing risks such as the last season only spanning a few days. House of Cards is reallly good, but really expensive, Sense8 was stunning all over, The OA was quite an intriguing risk.... a lot of their original content has been really good. Ozark, Santa Clara Diet, Stranger Things.... there's a healthy list. they just need to figure out a sustainable business model going forward.

....either that or start commissioning shows that can generate healthy income elsewhere. All their best originals are hard to commercialise.
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