Netflix is here to entertain you. In 2018 alone, the streaming giant will release 700 original movie and TV shows! That’s a tremendous amount of new content that no other network is pumping out in one year and no other streaming service or studio is developing that much of content to entertain you.
Netflix will spend around $8 billion dollars on this content over the year. This news comes from Netflix CFO David Wells while speaking the Morgan Stanley Technology, Media & Telecom Conference.
Deadline reports, Wells talked about a number of global productions that Netflix is bringing in, and that’s where he made the big announcement, according to the report, “there are now about 80 such shows available on Netflix, and that doesn’t even count shows like Narcos or Orange is the New Black, which has penetrated globally but were not launched in the era of Netflix’s fully globalized reach. The latter category, he said, would ‘number in the 700 range.'”
This is just insane news and the volume of content is mind-boggling, Wells goes on to say that the goal is to bring viewers the best content despite where it comes from.
“Let’s continue to add content — it’s working, it’s driving growth. People don’t care where the stories come from. We’re about having the best content. We don’t necessarily have to do it ourselves.”
Netflix is bringing on a lot of talented people to provide this content, people include in the list are Duncan Jones, Ryan Murphy, Mark Millar, Martin Scorsese, David Ayer, Will Smith, and more. Adam Sandler was also onboard but for me, this is the least exciting name.