Netflix needs original content. But it’s getting expensive.
One of our most popular articles recently discussed how Netflix was making bigger movies and TV shows and betting on itself. Since writing that article a month ago, Netflix has doubled down. We got the news that it was spending as much as $30 million an episode on Stranger Things throughout its final two seasons. Now, we have the release of The Gray Man, a $200+ million action/thriller, and dozens more mid-budget movies and TV shows. Those costs add up.
This is not just about Netflix trying to get you with new items. It also needs to bolster a fading library. The way Netflix stocks movies is that they license them from studios. They basically rent them to make them available to the public.
Well, as each studio gets its own streaming platform, they’re consolidating their libraries. That means way fewer titles available to outside sources, like Netflix.
Author: Jason Hellerman
This article comes from No Film School and can be read on the original site.
