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Netflix Plans to Spend More on New Shows & Movies

netflix-watchingLove Netflix but worried that they have less content to watch? Well we have good news for Netflix subscribers!

Netflix plans to spend $5 billion more on new original Netflix shows and movies, which is far more than many other traditional networks are spending on new content. This should double the amount of new shows and movies Netflix will release in 2016 compared to 2015.

Just recently 21st Century Fox announced they planned to cut $250 million from their budget and are even laying off staff.

Whereas the number of movies and TV shows on Netflix streaming has shrunk in 2015, Netflix seems to be dedicated to counter this by spending more on their own content. As networks like Epix and Discovery jump ship for Hulu, Netflix continues to double down.

What is even more shocking is the cut backs at 21st Century Fox. Their announcement to cut $250 Million from their budget in a movie that is unheard for Fox. Clearly cord cutters are starting to take a big toll on traditional television like 21st Century Fox.

It may be no surprise that Netflix went worldwide this year as they need more subscribers to help cover the cost of the $5 billion dollar investment in new content. As the United States and other countries reach almost peak subscriber rates Netflix needs to look at new markets like South Korea to find people willing to subscribe to Netflix.

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2 Responses to Netflix Plans to Spend More on New Shows & Movies

  1. Avatar
    clocks March 30, 2016 at 9:42 am #

    So Netflix wants to be like HBO. The danger with that is, they then become a service that I can just subscribe to 1 or 2 months per year, binge the few shows I want to see, and cancel. The reason I have keep netflix without lapses for so many years is the huge inventory of shows and movies. If they want to move away from that, then I will just join for a month over the holidays, watch the 3-4 original shows I may be interested it, and cancel.

  2. Avatar
    Ottis March 30, 2016 at 12:48 pm #

    I do not like the direction Netflix is going it’s great to have original content it’s almost necessary anymore but they need to also have big movies and tv released by other studios. I check instant watcher everyday and years past Netflix always added new and arguably good content now it’s like the floodgates have opened and everything is leaving. At least I also got Hulu and Amazon who seem to scooping up most of programming.