Netflix has evolved from a DVD mail-order service to a formidable online streaming service to a hot spot for original series. With the success of original shows like Arrested Development and Orange is the New Black, Netflix has shown that it can weather their transition away from the aforementioned DVD service to an alternative platform for high quality shows. Recently, the company announced that they hit over 40 million subscribers worldwide.
In an effort to further expand upon the company, Netflix CEO Reed Hastings has expressed his interests in producing original movies and documentaries. Using HBO as a sort of blueprint for Netflix to follow, Hastings has pointed out that spending on original content for 2014 will only be 10% of their total content spending, which pales in comparison to HBO’s 40%. However, with Netflix constantly adding new titles and TV series to their services, it’s only a matter of time before their budget can expand.
I’ve been a huge advocate for Netflix for years. My summers after I graduated from high school would involve watching up to 2-3 films a day just so I could quickly pick up more DVDs from my Netflix Queue. It’s great to see the service continue to prosper with nothing but promise in their sights.
[via Variety]