When You're Cooler than Disney: Netflix will Spend $12 Billion on making movies
Categories: Cinema
By Pictolic https://www.pictolic.com/article/when-youre-cooler-than-disney-netflix-will-spend-12-billion-on-making-movies.htmlNetflix is the most popular streaming platform in the USA. The resource allows you to watch TV series and movies for a subscription. This year, the company is going to spend more on filming than any film studio or TV channel.
Despite the fact that the company was founded in 1999, Netflix started producing its own content only in 2013. And very successfully.
To date, Netflix occupies the first positions in the ratings of the value of media companies in the United States. In addition, the platform is the most popular service among young people from 18 to 34 years old, 39.7% of respondents have a subscription. For comparison, only 17% of respondents use YouTube services.
In 2018, the company is going to spend $ 12 billion on the production of its own films and TV series. This is a record amount among media companies. Netflix plans to make 82 feature films, while companies such as Disney and Warner Brothers want to produce 10 and 23 films this year, respectively.
Keywords: Netflix | TV series | Movies
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