Netflix has basically revolutionized television — we especially love Netflix originals. We will binge the whole season of House of Cards as soon as it comes out (13 episodes is too easy to do in one day), we can throw a mean Orange Is the New Black premiere party, and you can bet we cried tears of joy when we learned that Stranger Things would get a second season.
According to Variety, Netflix is hoping to push 600 hours of original content, an increase from their previous 450 hours. Netflix CFO David Wells says the company is one-third to one-half of the way toward this goal. Netflix isn’t looking to have all of their content be smash hits; Wells states that it will satisfy the company to have average streams. Most of Netflix’s original movies don’t have a big budget, with the exception of Will Smith’s new movie Bright, which has an estimated budget of $90 million.
The hope is that Netflix will reach this fifty-fifty goal by producing and acquiring more content, but it’s also possible that the video giant will license fewer shows and movies from third parties.
Either way, Netflix originals are here to stay, and we really have to know if Parks andRecreation’s Jean Ralphio is somehow jerky Steve’s son.
How do you feel about this Netflix news? Tweet us @BritandCo!
(Photo via Netflix)