FILM NEWS

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

22 September 2016

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

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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