Earlier today we reported that Netflix is still killing it in the streaming game. To ensure they remain on top, however, the company is now set to release 80 original films in 2018, according to chief content officer Ted Sarandos.
“They range anywhere from the million-dollar Sundance hit, all the way up to something on a much larger scale,” such as the Will Smith-starring Bright, Sarandos noted in an investors’ interview on Monday, centering around Netflix’s third quarter 2017 numbers.
In comparison, by the end of this year, Netflix will have released around 50 original movies.
Again, the upcoming original content push won’t solely focus on low-budget indie projects. The aforementioned Bright, with a budget of $90 million USD, is what Sarandos is referring to as a “big-budget, event movie.” “I think people will start seeing the potential for this original movie initiative, that it could be done on the enormous scale we have on the television side,” he added.
Also during Monday’s meeting, it was reported that Netflix will spend between $7 billion USD and $8 billion USD on content in 2018, up from last year’s $6 billion USD.
For more, here’s everything coming to Netflix this month.
- Source: Variety