Netflix has invested billions of dollars in original content over the past few years and has made some great movies and TV shows. It has funded big budget projects which included experimental shows and period dramas that had heavy production costs. However, the days of its liberal spending on original content may be coming to an end as Netflix will reportedly be more careful with its money going forward.
Reports suggest that Netflix is likely going to be more budget conscious for future productions thanks to increasing competition from new streaming services that have been launched by Apple, NBC Universal, Disney, and others.
Apparently, Ted Sarandos, Netflix’s chief of content, told some high-ranking TV and film executives last month that Netflix has to be more mindful of its spending on big budget productions.
Upcoming projects need to bring in a significant number of viewers instead of just floating by only because they were loved by critics or earned the company more credibility. One of the examples that Sarandos gives is action flick Triple Frontier, which despite starring Ben Affleck and costing $115 million, was a flop.
Netflix initially had to invest heavily in big-budget productions because it had to establish itself. It wanted to show the industry that it could produce content that can win awards. Now they may have to reign in spending a bit.
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