Is Netflix a Streaming Provider or a Major Movie Studio?
Netflix, Inc. (NASDAQ: NFLX) pioneered the concept of binge-viewing by releasing entire seasons of television programs at once. Watching multiple episodes at a sitting, or an entire season has proved wildly popular with consumers feasting on original programs like Stranger Things and House of Cards, as well as licensed content like Breaking Bad and Mad Men.
The company has similar aspirations for major motion pictures. Netflix is on track to release 50 original movies in 2017 but plans to ramp up its film slate next year. During the 2017 third-quarter conference call, chief content officer Ted Sarandos revealed that Netflix plans to debut an astonishing 80 feature films in 2018. These movies could be as small as a "million-dollar Sundance hit," or as big as Bright. The David Ayer-helmed dystopian fantasy starring Will Smith, about a world where humans and mystical creatures co-exist, cost an estimated $90 million to produce and will be available for worldwide streaming later this month.
Later this month, Netflix will release one of its most ambitious feature films yet. Image source: Netflix.
Source: Fool.com
Netflix Inc. Stock
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