Netflix ups originals spend to 85% of content budget

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

Netflix to allocate 85 per cent of its funds to original content; announces news series with Guillermo Del Toro

According to a report from Variety, Netflix will have 1,000 original shows and movies, total, available on the streaming service by the end of 2018.

Netflix has brought some pretty spectacular original shows into our lives, and from the looks of their new spending, they're only going to create more wonderful original content.

Sarandos reiterated that Netflix's heavier focus on original and exclusive content is driven by more favorable economics and the expectation that big media companies would eventually focus more on their own streaming-subscription services.

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. "The creators we're talking to, they watch Netflix and they want to be on our network". Netflix also sees an opportunity to create more unscripted programming which at present makes up 7 percent of its portfolio, compared to 40 percent of viewing on USA television.

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Netflix will, for example, give Murphy the chance to "get a little out of his wheelhouse" if he wants to experiment with a different type of programme, said Sarandos.

Netflix is producing, acquiring and plans to release 80 films this year ranging from "sub-million dollar titles" to "US$100 million-plus blockbusters", said Sarandos.

If you like Netflix original programming, you'll have a lot of new shows and movies to watch between now and the end of the year. "We're getting enough viewing and enough watching of a big budget movie that it is competitive with the TV money".

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