Netflix's 85% Of New Spending Will Be On Original Shows And Movies

Netflix exec says 85 percent of new spending will go towards original content		
		
	Anthony Ha

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   	8 hours

Original content is what is set to keep the millennials interested in the new-age streaming services and Netflix is taking note of that. And, that's not all!

Another thing that isn't secret is Netflix placing much more of its attention, and money, on its own shows instead of reruns and movies made by others. To put that into perspective, almost half of all original content on the most popular video streaming service in the world will roll out in the next seven months.

Netflix is easily one of the biggest streaming services on the planet right now.

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The US based company now faces stiff competition from Hulu, Amazon Prime and will also have to watch out for Disney's own streaming service, reportedly slated to debut next year. If you need new shows and movies to watch, Netflix should have you covered pretty well for the rest of the year. He was speaking at the MoffettNathanson's Media & Communications Summit 2018 in NY. While speaking at the MoffettNathanson's Media & Communications Summit 2018 Chief content officer Ted Sarandos confirmed the news and also told the press that more than 90 per cent of its consumers regularly watch original content, according to a report by Variety. If that is truly the case and nearly all the viewers are watching original their programming, all these originals should be a great investment for the company.

We're excited to see how Netflix continues to grow and evolve its programming in the coming years, and the awesome new content the streaming service will be sending our way soon.

We'll be sure to let you know when the streaming network announces more of the release dates for their original programming coming later this year.

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