Netflix plans to produce over 500 original shows and movies by the end of 2018
Popular for series like, "House of Cards", "13 Reasons why", "Narcos", "Better call Soul", Netflix is planning to focus on original content this year as the video streaming giant has planned to produce over 500 original productions by the end of this year.
According to media reports, about 700 original content including movies and tv series will be produced this year with an investment of at least $8 billion.
The planned productions of this year will also include a lot of non-English content such as psychological thriller "Dark" from Germany and "Club de Cuervos" from Mexico. Ideas for 80 movies are also in the pipeline.
Media reports also quoted Ted Sarandos, the chief content officer for Netflix saying that Netflix spends 85% per cent of its spending on original content only. He was speaking at the "MoffettNathanson Media & Communications Summit 2018" in New York on Monday.
Netflix is also intending to focus further on original content more than adding content as original content will ensure secure a fanbase for the company a lot of other networks are also planning to launch their own streaming service.
Currently, in order to add content to Netflix, the company signs an agreement with the production company which eventually has an expiry date.
Disney is also planning to launch its own streaming service by 2019 which could shift the Disney fan base from Netflix to Disney's app.
Currently, the service has some 470 originals right now.
In their latest additions for May month, Netflix will add movies like "Amelie", "Hachi: A Dog's Tale", "Queens of Comedy: Season 1", "High School Musical 3" etc.
In original additions, "A Little Help with Carol Burnett", "Manhunt", "Busted", "Dear White People" are among other shows that viewers can stream.
Recently released Disney-Pixar movie Coco will also be added to Netflix this month.
Their popular thriller series "Stranger Things" has also been renewed for the third season this month and their "13 Reasons why" second season will premiere on May 18.