Netflix in 2018

As we move into 2018, a quick recap on the strength of Netflix’s streaming domination:

  • Netflix subscribers around the world watched more than one billion hours per week
  • The average subscriber watched approximately 60 movies in 2017

As reported widely, Neflix intends to spend upwards of $8 billion on new content in 2018. The New York Times lists some of the new films coming this spring:

  • “The Polka King” starring Jack Black
  • “Step Sisters”
  • “A Futile and Stupid Gesture” starring Will Forte
  • “When We First Met”
  • A revival of the “Benji” franchise
  • “Roxanne Roxanne”
  • “Come Sunday” starring Chiwetel Ejiofor

Even more new TV series are coming this year.

Nevertheless, there’s backlash…

Ben Kuchera writing on Polygon complains that:

“Netflix believes that its business begins and ends in your living room, which means any movie it buys will lose its shot at a theatrical release.”

He goes on to quote Noah Baumbach talking about his Netflix experience with “The Meyerowitz Stories (New and Selected)“:

“To be clear, I didn’t make the movie with Netflix. I made the movie independently, as I’ve made all my movies. I wasn’t even thinking of an alternative — I was thinking this would be shown in theaters, as all my movies are. Netflix acquired it from my producer in post and they have their way that’s important to them…. But I think it’s a singular experience, seeing a movie in the theater. I think audiences should be given the opportunity to see things for the first time that way.”

Netflix is even using their model for blockbusters. The $90 million Bright got savaged by the critics but that doesn’t seem to have scared away viewers.

My take: Although not quoted above, Baumbach also went on to say, “We all end up there anyway — all movies are going to end up on these servers, and that’s great.” The reality is that theatrical releases are very expensive. And the cost per viewer, versus streaming, is astronomical. My advice: add a clause to your contract that lets you four-wall a cinema and hold exclusive screenings for your best supporters. An audience of three hundred or so viewers can’t bother Netflix too much, can it?

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