Netflix has started to concentrate more on its original content. According to its CEO David Wells, half of the streaming service’s content will be original, while the rest 50% will be licensed TV shows and movies.
More Daredevil and Stranger Things
“We’ve been on a multiyear transition and evolution toward more of our own content,” said Wells at the Goldman Sachs’ Communacopia conference on Tuesday. It means there will be more Narcos, more Daredevil, and of course, Stranger Things to entertain you.
In 2016, Netflix expects to produce 31 TV shows and movies, up from the 16 in 2015. As it stops relying more on licensed content, the amount of original content will go up. That means the service will spend more money to keep its subscribers entertained. Let’s just hope their monthly’s fees won’t rise as well.
Previously, Netflix revealed its plan to pledge $5 billion in2016 for its original content. And in 2017, it will be even more as titles like Iron Fist, The Defenders, Narcos season 3, and more are on their way.
Wells said Netflix is already about one-third to halfway toward accomplishing its goal, so you can understand that lots of works still needs to be done, adding that those original contents will be a blend of content owned and generated by Netflix.