Netflix's original TV output has always been one of the biggest lures for the service, what with the likes of Stranger Things and House Of Cards firmly planting themselves on the landscape.
However, its original movie output has spotty at best. Gerald's Game was a critical success, however others such as What Happened To Monday or Death Note have fallen flat with audiences and critics alike. Others, such as Beasts Of No Nation and First They Killed My Father, are aimed squarely at the awards circuit.
In its quarterly earnings report, Netflix announced that it is upping its spend on original content from $6 billion to between $7 and 8 billion and is aiming to release 80 original movies in 2018. In 2016, Sony Pictures released 47 movies, Warner Bros. released 35 movies, and Fox released 29 movies.
Netflix CEO Reed Hastings also rubbished rumours that the streaming giant was planning to buy up The Weinstein Company and its slate, saying that it "would be extremely unlikely for us to be a bidder for the firm."
Via Variety
