Netflix continues to advance in the international market at a great pace. One of the great strengths of the streaming service is that they create a huge amount of original content. Something that has helped them differentiate themselves from many other services so far. Until now we knew that they spend a huge amount of money to create this content, although we did not know how much.
But it was finally Ted Sarandos, Netflix's head of content who has revealed this information. The company allocates 85% of its expenses to the creation of original content. Making clear in this way the firm's commitment to its own content.
The figure in itself already leaves us with a clear idea about the volume of content that is generated, and the cost thereof. Although they have commented that they are going to invest around 8 billion dollars in movies, series and other projects with which to improve the content offer currently available.
This is a figure that has been provided with the report for the first quarter of this year. Although it was not known that Netflix allocates 85% of its expenses to this. Furthermore, this figure means that the number of original productions is going to grow significantly throughout this year.
In fact, it is expected that there will be about 1.000 original productions by the end of this year. Netflix confirms that about 470 will be released this year. So we will have a huge amount of content available to enjoy on the streaming service.