Cindy Ord/Getty ImagesAround 2013, Netflix began to see the writing on the wall: The days of licensing a back catalog of great TV shows for dirt cheap were numbered. The TV and film industry titans were realizing how valuable streaming rights were, which meant that getting them would become increasingly difficult over time for Netflix, especially as more services jumped into the market. Netflix made the decision that it would have to start making its own shows and movies, starting with “House of Cards.” It worked. The huge investment Netflix has made in “originals” over the last few years — $6 billion in 2017 alone — has paid off in a string of hits that have not only won fan loyalty, but also gotten the internet buzzing over and over again.

Topics:  house of cards,   cindy ord/getty imagesaround   the tv   golden globe   queen elizabeth ii   ted    that s   netflix s   and netflix   rival amazon   jpmorgan   the grand tour    amazon studios   roy price   gear   reports    it s   watch   san francisco   netflix   tv    the crown    sarandos    that   amazon   price   content   chief   originals   investors   efficient   shows   money   hours   spend   amount   programming   million   comments   global   cost   great   dollar   movies   streaming   internet   time   drama   worth   year   show   investment   isn   people   won   billion   
BING NEWS:
  • Netflix will spend ‘vast majority’ of its $17 billion content budget on originals in 2024 despite a deluge of licensed hit shows up for grabs
    Netflix has spent billions of dollars to license hit shows like Grey’s Anatomy, How I Met Your Mother, and Seinfeld, as studios gave up on beating the streaming leader and instead decided to play nice ...
    04/25/2024 - 12:00 am | View Link
  • Netflix Stock Downturn Following Financial Disclosures and Revenue Forecast
    Netflix Inc. Faces Downturn Amid Financial Disclosures Netflix Inc. (NFLX:NASDAQ) recently faced a significant downturn, with its stock price plummeting over 9%, closing at $555.04. This sharp decline ...
    04/20/2024 - 11:00 pm | View Link
  • Netflix’s latest decision frustrates investors
    As a result, its stock has become a staple in many investors' portfolios ... has meant that despite spending heavily on original content, Netflix has become much more profitable.
    04/20/2024 - 6:49 am | View Link
  • Netflix Rattles Investors by Ending Subscriber Disclosures — but Apple’s Similar Strategy in 2018 With iPhones Was a Big Success
    Netflix made a surprise announcement in reporting its (very good) first-quarter 2024 results this week: The streaming TV powerhouse will stop reporting quarterly subscriber figures starting in 2025.
    04/19/2024 - 6:35 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News