Two stories about Netflix and content this week:

According to Mike Fleming Jr on Deadline Hollywood Netflix is bankrolling the Shaft reboot in exchange for international rights.

“Netflix will pay more than half the film’s high $30 million budget, in exchange for international rights and the ability to put the film on its streaming outside the U.S. two weeks after New Line releases theatrically in the United States. The film will begin production in December. New Line and Netflix were not commenting, but sources said the film will follow a traditional domestic roll out from theatrical to SVOD and DVD through the Warner Bros machine.”

Brandon Katz reports on the Observer that Netflix is planning on spending $8 billion next year.

“Netflix dropped a cool $6 billion on content in 2017 alone and is planning to shell out a whopping $8 billion next year, $1 billion more than previously planned. While the company’s long-term forecast is a bit cloudy with a growing $20 billion debt looming over its head, the short-term prognosis is bright and sunny. The streaming giant added 5.3 million new subscribers in the last quarter, crushing its own internal goal and raising its worldwide total north of 104 million.”

See the investor relations shareholder letter for details.

My take: these stories are interesting because Netflix now has more paid international subscribers than paid US subscribers and demonstrates its commitment to producing more and more original content. There’s no denying internet television is the future.