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 Netflixâ€˜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 Netflixâ€™s push to keep their library of original programming growing. Now we have word that itâ€™s only going to get worse.
In a conference call with investors at the Goldman Sachs Communacopia Conference, Netflixâ€™s CFO David Wells said theyâ€™re in the middle of a â€œmultiyear transition and evolution toward more of our own content,â€ 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.
Image Credit: Netflix