In 2018, Netflix will spend more than $ 8 billion on original content and will release about 700 films, serials and shows of its own production. This was told by the company's CFO David Wells.
At the conference Morgan Stanley Technology, Media & Telecom Wells said that the current Netflix strategy is: "Continue to increase the amount of content - this scheme works and stimulates growth." At the same time, the streaming service is not going to abandon the projects of someone else's production. "People do not care where stories come from. It is important for us to have the best content, and it's not necessary to create it ourselves, "added the CFO.
About 80 projects from the announced 700 are created outside the US (among them the German mystical series "Darkness", extended for the second season). The author of the "American Horror History" Ryan Murphy and screenwriter / producer Shonda Rhimes, with whom the company has entered into large exclusive deals, are also working on the development of new content for Netflix.