7 years ago
1
Netflix plans to use its recent price hikes to invest $8 billion in original films and anime
Netflix has said it will be increasing its yearly spend to a cheek-slapping $8 billion (£6.2 billion) in 2018, as part of a larger push to have 50% of its library be originally produced content. The figure, issued during the company’s quarterly earning release on Monday, marks a substantial leap from the $6 billion (£4.5 billion) planned for this year. It comes at a time when big powers like Disney have made decisions to pull content from Netflix, moving it into their own ecosystems.
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So they aren't even going to fight for the back catalog that made them famous, the only reason I wanted to pay for the service, that makes me sad and pretty much confirms the future is probably the pirates for the taking thanks to every studio, network and ISP wanting to start a streaming service.
They make some good originals, but not good enough or plentiful enough I'm shelling out $12-$15 for it and losing 75% of the back catalog tv shows and movies from other studios.