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Netflix plans 700 original shows and movies for 2018

/ 07:00 PM February 28, 2018

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This year will be big for Netflix as the streaming service plans to create 700 original shows, movies and specials before the year ends.

According to Variety, CFO David Wells said at the Morgan Stanley Technology, Media & Telecom Conference that the amount of content in the pipeline is helping to increase their subscriber base.

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He also noted that among the 700 shows planned, there will 80 original productions from outside the United States.

The company is currently prepared to spend over $8 billion to produce content for 2018.

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“Let’s continue to add content — it’s working, it’s driving growth,” said Wells.

There are also 30 anticipated anime shows planned for release in 2018.

Wells stressed having “no religions” when it comes to source of programming. He said, “People don’t care where the stories come from.”

The CFO added, “We’re about having the best content. We don’t necessarily have to do it ourselves.”  /ra

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