Netflix has become synonymous with the words “streaming service” in recent years because of its continued commitment to bringing us the movies and shows we want. But in an age where just about every film production company has its own service, from Peacock to Disney+ and HBO Max to IMDbTV, it’s getting harder and harder to keep up with the amount of content released. But Netflix is sticking true to its course. Although many of our favorite movies and shows come and go, the Netflix Originals have proven themselves worthy of our undivided attention, largely because the streaming giant continues to pump millions of dollars into them. And they’re not stopping any time soon. According to Variety, Netflix has plans to spend over $17 billion on its own content this year (2021), which has to break some sort of record… Look at what the company stated themselves in a letter to their shareholders below: “As we’ve noted previously, the production delays from Covid-19 in 2020 will lead to a 2021 slate that is more heavily second half weighted with a large number of returning franchises,” said the company in its letter to shareholders. “And while the roll out of vaccines is very uneven across the world, we are back up and producing safely in every major market, with the exception of Brazil and India. Assuming this continues, we’ll spend over $17 billion in cash on content this year and we’ll continue to deliver an amazing range of titles for our members with more originals this year than last.”
This is a huge change from the past two years in which Netflix only spent $11.7 billion in 2020 and $13.9 billion in 2019 (according to SlashFilm). The streaming giant seems to want to waste no time after last year’s COVID-19 restrictions shut down many Netflix productions, forcing release dates to be pushed back to this year. This didn’t really hurt Netflix in the long run though, as COVID-19 pushed everyone inside to the comfort of their own living rooms to watch Netflix all day… According to Netflix’s first-quarter earnings report, Originals like Fate: The Wynx Saga reached 57 million households, while Ginny & Georgia gained 52 million. The third season of the YouTube-turned-Netflix hit Cobra Kai hit 45 million, with the first season of Firefly Lane reaching nearly 50 million households within the first thirty days. Netflix Original Films such as Outside the Wire and Yes Day both surpassed 60 million household views, with other films such as I Care A Lot and To All The Boys: P.S. I Still Love You hitting over 50 million. With long-anticipated new fourth seasons of the hit Netflix Originals Stranger Things and Ozark still awaiting release announcements (with all signs pointing towards 2022), it looks like Netflix is gearing up to bring us some new and exciting content to hold us over.
See more about - ‘Chadwick Boseman: Portait of an Artist’ coming to Netflix
Netflix has become synonymous with the words “streaming service” in recent years because of its continued commitment to bringing us the movies and shows we want. But in an age where just about every film production company has its own service, from Peacock to Disney+ and HBO Max to IMDbTV, it’s getting harder and harder to keep up with the amount of content released. But Netflix is sticking true to its course. Although many of our favorite movies and shows come and go, the Netflix Originals have proven themselves worthy of our undivided attention, largely because the streaming giant continues to pump millions of dollars into them. And they’re not stopping any time soon. According to Variety, Netflix has plans to spend over $17 billion on its own content this year (2021), which has to break some sort of record… Look at what the company stated themselves in a letter to their shareholders below: “As we’ve noted previously, the production delays from Covid-19 in 2020 will lead to a 2021 slate that is more heavily second half weighted with a large number of returning franchises,” said the company in its letter to shareholders. “And while the roll out of vaccines is very uneven across the world, we are back up and producing safely in every major market, with the exception of Brazil and India. Assuming this continues, we’ll spend over $17 billion in cash on content this year and we’ll continue to deliver an amazing range of titles for our members with more originals this year than last.”
This is a huge change from the past two years in which Netflix only spent $11.7 billion in 2020 and $13.9 billion in 2019 (according to SlashFilm). The streaming giant seems to want to waste no time after last year’s COVID-19 restrictions shut down many Netflix productions, forcing release dates to be pushed back to this year. This didn’t really hurt Netflix in the long run though, as COVID-19 pushed everyone inside to the comfort of their own living rooms to watch Netflix all day… According to Netflix’s first-quarter earnings report, Originals like Fate: The Wynx Saga reached 57 million households, while Ginny & Georgia gained 52 million. The third season of the YouTube-turned-Netflix hit Cobra Kai hit 45 million, with the first season of Firefly Lane reaching nearly 50 million households within the first thirty days. Netflix Original Films such as Outside the Wire and Yes Day both surpassed 60 million household views, with other films such as I Care A Lot and To All The Boys: P.S. I Still Love You hitting over 50 million. With long-anticipated new fourth seasons of the hit Netflix Originals Stranger Things and Ozark still awaiting release announcements (with all signs pointing towards 2022), it looks like Netflix is gearing up to bring us some new and exciting content to hold us over.
See more about - ‘Chadwick Boseman: Portait of an Artist’ coming to Netflix
Netflix has become synonymous with the words “streaming service” in recent years because of its continued commitment to bringing us the movies and shows we want. But in an age where just about every film production company has its own service, from Peacock to Disney+ and HBO Max to IMDbTV, it’s getting harder and harder to keep up with the amount of content released.
But Netflix is sticking true to its course. Although many of our favorite movies and shows come and go, the Netflix Originals have proven themselves worthy of our undivided attention, largely because the streaming giant continues to pump millions of dollars into them. And they’re not stopping any time soon.
According to Variety, Netflix has plans to spend over $17 billion on its own content this year (2021), which has to break some sort of record… Look at what the company stated themselves in a letter to their shareholders below:
“As we’ve noted previously, the production delays from Covid-19 in 2020 will lead to a 2021 slate that is more heavily second half weighted with a large number of returning franchises,” said the company in its letter to shareholders. “And while the roll out of vaccines is very uneven across the world, we are back up and producing safely in every major market, with the exception of Brazil and India. Assuming this continues, we’ll spend over $17 billion in cash on content this year and we’ll continue to deliver an amazing range of titles for our members with more originals this year than last.”
This is a huge change from the past two years in which Netflix only spent $11.7 billion in 2020 and $13.9 billion in 2019 (according to SlashFilm). The streaming giant seems to want to waste no time after last year’s COVID-19 restrictions shut down many Netflix productions, forcing release dates to be pushed back to this year. This didn’t really hurt Netflix in the long run though, as COVID-19 pushed everyone inside to the comfort of their own living rooms to watch Netflix all day…
According to Netflix’s first-quarter earnings report, Originals like Fate: The Wynx Saga reached 57 million households, while Ginny & Georgia gained 52 million. The third season of the YouTube-turned-Netflix hit Cobra Kai hit 45 million, with the first season of Firefly Lane reaching nearly 50 million households within the first thirty days.
Netflix Original Films such as Outside the Wire and Yes Day both surpassed 60 million household views, with other films such as I Care A Lot and To All The Boys: P.S. I Still Love You hitting over 50 million.
With long-anticipated new fourth seasons of the hit Netflix Originals Stranger Things and Ozark still awaiting release announcements (with all signs pointing towards 2022), it looks like Netflix is gearing up to bring us some new and exciting content to hold us over.
See more about - ‘Chadwick Boseman: Portait of an Artist’ coming to Netflix
See more about - ‘Chadwick Boseman: Portait of an Artist’ coming to Netflix
