Netflix is reportedly seeking $2 billion in funding for original content production

Polycount

TS Evangelist
Staff member

Netflix executives are probably feeling pretty good about themselves following a solid Q3 earnings report, but the company isn't resting on its laurels. Netflix today published a press release announcing that it plans to secure $2 billion in funding, primarily to acquire new original content.

Netflix's previous original shows have always been a bit hit or miss depending on who you ask, but their scattershot approach to content production ensures that there's something for virtually everybody on their platform. Shows like The Crown, while critically acclaimed in general, are most popular among older audiences, whereas series like Bojack Horseman are tailored more towards younger generations.

Given the apparent success of their current original content strategy, it's no surprise to see them double down on it. $2 billion should be able to fund quite a few new shows or movies provided Netflix is smart with the funds. As noted by Reuters, Netflix's reasons for investing in new content likely center around the need to fight off growing competition.

While the streaming services that are currently floating around certainly vary in quality and popularity, the industry is becoming quite saturated. DC recently launched its DC Universe streaming service, Hulu is still alive and kicking, and Disney is reportedly planning a subscription-based streaming offering of its own.

Netflix's position in the streaming market is secure for now, but only time will tell if it will stay that way moving forward.

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ShObiT

TS Maniac
Please dont go bankrupt with these things. I don't wanna go back to pirating 100% paid movies and shows.
With Disney, Fox and others taking content out of Netflix, I'll keep paying netflix my money cause they earned it, but for the rest I'm gonna be pirating everything that is not on netflix.
 

Rlam77

TS Rookie
I feel like Netflix might be built on a house of cards. All this borrowing and spending might land them in the same state as Telltale games.
 

Dimitrios

TS Guru
NETFLIX sucks. They keep raising their prices and add junk indie movies. They also add the same movie to almost every category section to make it look like there's a larger selection. They charged me on an old Capitalone credit card of $18.95 month and never knew but my bank card I signed up and paid only $8 or $10 I knew I did with my PEOPLE'S Bank. Please tell me what cost $18.95 a month for the last few years? What payment plan is that in? POS! I'm happy with KODI on Amazon Stick now. Fuc* greedy NETFLIX.