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Netflix Wants 50% of Their Library to Be Original Programming Within a Few Years

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Back in the spring, you might remember that we called attention to the fact that Netflix‘s library of movies and television shows had shrunk significantly in the past two years. In fact, statistics pointed out that the streaming services entire catalog had decreased by 31.7% during that time. The reason for this, in addition to increased competition from the likes of Hulu, Amazon and other content-streaming services, was Netflix’s push to keep their library of original programming growing. Now we have word that it’s only going to get worse.

In a conference call with investors at the Goldman Sachs Communacopia Conference, Netflix’s CFO David Wells said they’re in the middle of a “multiyear transition and evolution toward more of our own content,” and their ultimate goal is to have 50% of their library comprised of original programming. Find out more about the Netflix original programming growth after the jump.

Read the full article here >>

via: /Film

Image Credit: Netflix

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