If for some reason you don't have a Netflix account or you've recently been banned from your parasite habits of using your friend's account, then news that will push you to get your own membership is here.
The streaming giant plans to spend upwards of $8 billion on content for this year alone that includes 80 original productions outside the United States. “Let’s continue to add content — it’s working, it’s driving growth,” CFO David Wells said about the company's strategy, at the Morgan Stanley Technology, Media & Telecom Conference. When asked where the line is, in terms of spending, he replied, “there’s no magic line where you know exactly where you are."
David also touched on the "no religion" aspect of Netflix, explaining how more content will be courtesy of different parts of the world “People don’t care where the stories come from,” he said. “We’re about having the best content. We don’t necessarily have to do it ourselves.”
Speaking on Ryan Murphy's recent $300 million dollar deal with the platform, David said such contracts are rare. “We like the kind of content he creates,” he added. Ryan is known for creating American Horror Story, Scream Queens, Glee and more.
Some new and upcoming Netflix programs to look forward are without a doubt, Seven Seconds, The Outsider, Roxanne Roxanne, Flint Town, The Push and lots more.
Listen to David's full talk here.