Netflix Wants 50% Of Its Library To Be Original Content (techcrunch.com)
An anonymous reader writes: Netflix is looking to shift its content mix even further towards original TV and movies, with a goal of achieving a 50 percent mix between its own programming and stuff licensed for its use by outside studios. The 50-50 target was revealed by Netflix CFO David Wells at the Goldman Sach's Communacopia conference on Tuesday, and Wells added that they'd like to hit that mix sometime over the course of the next few years. As for its progress so far, Wells said Netflix is already about "one-third to halfway" to that ratio, having launched 2015 hours of original programming in 2015, and with the intend of achieving a further 600 hours by the end of 2016. The benefit for Netflix with a shift to self-generated content is that the licensing situation is much simpler, and the investment made represents a cost that continues to deliver value long after the initial spend. Licensing arrangements with outside TV and film distributors have a fixed term, and thus represent a recurring cost if you want to continue offering their content in your library.
It's more lucrative to be a content creator than a content distributor.
The problem is, they'd lose a lot of their current customers.
What made Netflix great was selection. That's why they're so widely subscribed. The only way the ratio is going to look like that is if they're no longer carrying so much of everyone else's content. That won't be good for subscribers, who will get less for their money.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
From where will we obtain any given movie or TV show we want to watch that is not Netflix/Amazon/etc. original content? Right now the Netflix DVD service still has by far the widest selection - things like all the old British shows, old movies, all the stuff that is really desirable to watch but no longer is worth the cost to license it. I tried to find a copy of the 1960 version of the movie The Time Machine - only available via DVD from Netflix. Are we going to see a resurgence in the DVD service?
12:50 - press return.
Netflix is becoming "just another TV network", becoming less of what everyone wants and more of what some people will pay for. Very depressing.
Strange things are afoot at the Circle-K.
Netflix has slowly, but surely, been reducing the breadth of its non-original content. It used to be that Netflix was the go-to streaming service. Now, with Netflix reducing the non-original content, Netflix is turning into just another cable TV channel.
I started subscribing to Netflix in 1999. I became a customer because I wanted to be able to watch movies from a variety of studios, not just one. If I just wanted one studio, I'd subscribe to HBO. Notice how Netflix streaming doesn't have that good of content from other studios? Probably because studios realize that if they make agreements with Netflix, they will be working with and helping one of their competitors. Like Akbar said, its a trap.
I do not really watch TV or Movies either. I download them and have them running as background noise.
I have replaced it with YouTube where I watch more and more. I am subscribed to 200+ channels. Most will have 15 minutes per week or so. Some have no new content in the last year and could be dead, for all I know.
The way I follow is by exporting the RSS feed and then watching it when the new ones come out. More variation than what I could get on TV. It goes from unboxing, to comedy (Maxim Brady for the win!) to tech to camera to car, travel, woodworking and other subjects.
If torrenting would not be possible from tomorrow on, I would not miss anything. Not really. That said: I torrent myself and I am aware that I do not have some right to see content. Just because things are available does not mean I should have access to them. If the owners of the Mona Lisa decide to hide it in a cellar, I can not say that I have a right to see it. If the writer of a book does not want it to be published, I do not have a right to demand it. I have the right to ask it and they have the right to say no.
The fact that there are ways around it does not alter those rights.
So what is wrong are the laws that provide those tights. Especially the period of how long these rights are extended to.
Don't fight for your country, if your country does not fight for you.
Thats the only way to ever hit 50%.
Make television and movies like music with compulsory licensing? Say anything five years and older gets put into the pool of things that can be broadcast/streamed as part of your service as long as you pay the base royalties. Have the same sort of setup as music does but with a much finer grained reporting. That way everyone that should get paid, is paid.
While five years seems a bit long, that's so streaming and rebroadcast doesn't cut too deeply into the DVD/BluRay sales. That should be plenty of time for that to go through the fans that really want their personal copy at release or to wait for the price to fall or discounted.
And this doesn't stop anyone from making separate deals to get it before the five year date and/or add extras to their service like trivia, blooper reels, and so forth.
Again, the point of copyright was to give people a chance to spread culture around before it is outright given away. Seeing as how locked up it's become, anything that speeds and ease of dissemination is a good thing.
Honeymoon's over, free market at work.
Early Netflix, everyone was nodding their heads and saying "lol, sure, give us money and you can borrow our imaginary property" and cooing over li'l baby DVD kiosker. Now streaming is hype, Normals are streaming so hard it's the biggest bandwidth load on the tubes. Now the joke is "netflix and chill", and that's showing up in the contracts. Letting NF rent your imaginary property isn't some cute giggle anymore, it's a threat, if you do distribution yourself or use anyone else. The drafts and proposals are surely phrased a bit different now, they simply have to say "Well, metrics say you'll have X views/usage so it's reasonable we charge you Y.". So NF decided to use their war chest to back out and coast on homebrew.
Commonersumers are sidelined, merely the ore vein patch-of-land covered in battle-torn claim flags in the eternal tug-of-war we call capitalism. Free market "best options" are meaningless under monopoly, and imaginary property (looking at you, pharma) is a great way to lock things down.
Enjoy your 200 channel packages or dozen subscriptions, the honeymoon's over. "Mainstream" isn't just some hipster word, it determines the business world. And with that, I'm pretty sure everyone should find at least one thing in this post disagreeable.
Most of what I watch on Netflix these days is their original content... Its generally well done and more intelligent than the hyper formulaic stuff TV stations churn out these days. 50/50 seems very drastic, but I would like to see more original content.
If market forces are any evidence I am in the minority, but: I just want every piece of media ever under one roof, on instant tap on demand. The only current satisfaction to this desire is torrents, and that's a bit unreliable at best. Netflix has for the most part been reliable and fast. Thus desire.
Same is happening everywhere. Here in the US, you need Hulu if you want to watch "the Path". Amazon if you want to watch "Man in High Tower". I think Netflix is currently the only place for "Peaky Blinders" or "Luther". New Star Trek is going to be on CBS all Access. My wife's stupid ABC shows are going to be on Yahoo video. Meanwhile BBC is slowly pulling all their content from existing distributors and are setting up their own streaming service - so will need that for Doctor Who or Top Gear.
You have to pick or choose which shows you care to stop watching OR just go back to subscribing to the bloated service that was cable TV because it's getting to the point where the prices are even if you want a good selection of shows.
I miss the days it was just Netflix and Netflix had just about everything.
"That's the way to do it" - Punch
Oh... and HBO if you want Game of Thrones!
"That's the way to do it" - Punch
Now that I am retired in Bellingham, Washington, I miss them. Here in Bellingham, we have the Pickford Film Center, which is the only non-chain art cinema north of Seattle in Washington State. Between going there for movies and keeping busy with my multiple hobbies ans sports, I still have not touched any streaming service for entertainment.
The little video that I look at on line is how-to videos on Youtube on doing stuff as welding, sewing, glass engraving, and so on.
'In fact, I have done my own videos on Youtube such as thins one https://www.youtube.com/watch?...
Most Respectfully Yours Mark Allyn Bellingham, Washington
So I guess we'll start see lots more titles that start their descriptions with the phrase, "not to be confused with the Block Buster...."
When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
You want to go that way? Don't start series (ala Jessica Jones) and then abort them after one very successful season. Gives the false impression it wasn't well received.
Staggering production times would help as well. Why should viewers wait for all the shows to start new seasons at the same time?
Fees would have to rise and people really were upset at changes Netflix made in pricing before. They are trying to do as much as possible with the funds that they have.
If copyright was SANE there would be a HUGE library of old programming available. If all the old junk isn't preserved, it would clearly be better content than the modern programming... (which is mostly junk.)
The simple answer is that Netflix benefited by being the 1st. Today every major content owner can create their own service or make exclusive deals from an ever growing list of distributors desperate for content. This is almost EXACTLY like cable/sat channels which is why it has morphed into that direction. The HBO model works best which is why so many channels try to create compelling content of their own before they lose their budgets and become a poor rerun only channel who has to play infomercials all night.
Democracy Now! - uncensored, anti-establishment news
You have to pick or choose which shows you care to stop watching OR just go back to subscribing to the bloated service that was cable TV because it's getting to the point where the prices are even if you want a good selection of shows.
That's the problem. I want ala-carte service but I'm not about to pay for 12 different ersatz networks and end up paying more than I currently do. I'm certainly not going to pay for Netflix (or Hulu or ...) for just one or two shows. Doesn't matter how good they are.
I miss the days it was just Netflix and Netflix had just about everything.
You'll have to remind me when that was because to me their streaming service has never "had just about everything" or even close to it. I tried and dropped Netflix twice because their content catalog was full of crap I had no interest in (lots of old shitty B movies and old tv shows I didn't care about) and missing a lot of stuff I actually did have some interest in. Maybe it suits your interests better than mine but I found Netflix streaming to be poor value for money.
True, but if they follow Netflix in terms on binging expectations, you can rotate around your subscriptions and just watch the season in a month and cancel once you're finished. That's also the reason Netflix wants so many original shows... no one will subscribe all year to just watch Game of Thrones.
I'm torn on this.
One the one hand, all of the Netflix original shows have been pretty damned good. Way WAY better than the average tripe on cable. So yeah, keep on keeping on.
On the other hand, this is a clear conflict of interest. One company should not control the creation and distribution platforms. There's really nothing to stop Netflix from jacking their prices through the roof and holding the next season of *insert your favorite show* ransom unless you pay through the nose.
I would love to see the company spin off the production biz into it's own entity. Netflix could still have "first-dibs," and after a few months, license the rights to Hulu, Amazon Prime, etc. It's really better for everyone this way. For the consumer, you know exactly what you're getting, there's no content barriers or true exclusives, and you don't have to jump through hoops enabling and disabling different services month-to-month to make sure you can see the shows you want. And for the corporations, this would give Netflix an additional revenue stream, as well as smoothing out subscriptions as people no longer play the aforementioned enable/disable game with the service.
This signature is false.
Pushing Netflix and HBO into the same shape. I suppose I'll see Netflix try for stronger DRM, and hopefully HBO gets more edge servers.
Because the rest of their Library is an absolute JOKE.
I think Apple is working on exactly that, seriously.
But I don't subscribe anymore because after their successful IP blocking this spring. All I can get access to now are my local version of Netflix. It sucked when they opened it and it still sucks. But I all fairness, it was going down hill for the American version too before I quit.
Well, it had a good run.
Right now I find plenty of stuff I like to see on Youtube.
You have to pick or choose which shows you care to stop watching OR just go back to subscribing to the bloated service that was cable TV because it's getting to the point where the prices are even if you want a good selection of shows.
You didn't really think that you would be able to save money and get the same level of content, did you? All market inefficiencies will eventually correct to remove any advantage to the consumer. If you didn't see this coming, you haven't been paying attention.
It's not market forces, it's those exclusivity agreements. The DoJ really needs to look into the price fixing that's been going on. It's decidedly anti-consumer to have these exclusivity contracts that prevent all of the services from having access to the same programming.
They wouldn't necessarily have all of the same programming, but that would be based upon what the provider thinks the subscribers want rather than on what hasn't already been locked down by one provider or another.
At the rate they seem to be losing licensed content without a replacement, they'll accomplish their desired ratio without lifting a finger.
I already avoid Netflix original content - crafted to appeal to the lowest common denominator. More of it, even if it would not be displacing other content, is not appealing to me. It is content I am decidedly not interested in. If the content listings end up being glutted with Netflix originals it will become a much less valuable service for me.
Their library is now small enough, do not cancel even more shows!
Or TPB to watch all of those. They never learn....
I miss the days it was just Netflix and Netflix had just about everything.
True, but streaming is the new cable, and cable is the new broadcast TV. Personally, I still mostly use their DVD service and they still have most everything.
I'm guessing that if they need that much content produced it will be stretching the term 'original'.
You have to pick or choose which shows you care to stop watching OR just go back to subscribing to the bloated service that was cable TV
Except that no longer works -- with "original content" created by Netflix, Amazon, etc., there will be increasingly more shows only exclusively available by streaming only... and from only one particular provider.
because it's getting to the point where the prices are even if you want a good selection of shows.
Welcome to the world of "unbundling." Seriously. For years, a lot of people here were hugely critical of cable TV companies because they wanted to just purchase a set of channels they actually wanted. They wanted things "unbundled."
Well, guess what -- this is the future of the "unbundled" world. Instead of paying $80/month to your cable company, you pay $9.95/month to a multitude of streaming services each with their own "exclusive" content and some overlapping hodge-podge of old stuff that's cheap to license. (Kinda like what most cable channels used to look like individually -- a few original shows, and a bunch of old cheap re-runs... except before you tended to pay less than a $1/month for each of those channels, since more cable revenue went to things like sports.)
I miss the days it was just Netflix and Netflix had just about everything.
Was that ever reality? Netflix streaming always had only a subset of quality content. In the early days of streaming, it had an odd mixture with a lot of really good old movies and only crappy new ones. The market demanded more new content, so recent TV series and movies started to be added, while the good "old stuff" gradually thinned out. The overall selection has gone up and down a bit over the years in various areas, but it was never very complete.
Netflix DVDs used to have "just about everything," though. Streaming ruined that, though. Frankly, I think much of Netflix's DVD service was kept alive by user laziness and apathy -- a decade ago, I knew so many people who got Netflix DVDs and they'd sit on the shelf for a month or two before anyone got around to watching them (or even sending them back unwatched). But they were paying $19.99 or whatever back then for the "standard" DVD service, so Netflix could rake in the profits by buying bulk DVDs.
And people were often completely irrational in terms of renting -- they'd think, "Oh yeah, that classic movie from the 1960s -- I should really watch that." And then it would sit on their shelf for a few weeks before being returned unwatched.
But Netflix could afford to buy a lot of obscure titles with all those subscribers funds rolling in from people who rarely got around to watching movies.
Streaming changed all that -- it turned it into something more like "channel surfing." Netflix DVDs was more like, "I bought those brussel spouts and kale, and they should be good for me, and I really should cook them tonight." Netflix streaming was more like, "Gosh... what sort of trash can I find here -- ooh, some potato chips in the back of the cabinet! That's so much easier than that vegetable stew... let's just eat the chips now" and suddenly they'd be streaming some crap show from the Food Network.
Meanwhile, the streaming gave Netflix new data -- they could actually see that few people ever bothered to watch those old cerebral "classics," while lots of people watched family/kids movies and crappy rom-coms. Of course, everyone knew this anyway, but now with data in hand, Netflix could start making decisions about what kind of stuff to invest in, and what licenses to just let lapse.
Well, Netflix is fast approaching a 50-50 split of content. The non-Netflix content outside of the US has always been abysmal and it isn't getting better - it is getting worse.
So I guess Netflix doesn't really need to spend more on own content, they simply need to keep spending little on other content and that 50-50 split will soon be reached.
One of the reasons I was interested back then in Netflix was because of the old series and movies.. I'm not interested in most of they 'original content'..
Much of Netflix's original content is excellent. If they want to do more they can shut up and take my money!
BeauHD. Worst editor since kdawson.
It's a lot more than you think: https://en.wikipedia.org/wiki/...
BeauHD. Worst editor since kdawson.
my vpntorrentasaurus plex. Seriously. DIY.
This is completely false. We have Netflix, and we can get ALMOST EVERYTHING, including "The Path", "Man in High Tower" along with most anything else you can think of (minus a few esoteric, rare, or foreign movies/shows). Sure, you have to plan a few days ahead of time and wait for them to come in the mail, or wait a year for the season to come out on DVD, but being an adult I have no problem delaying gratification as such.
They're going to have to start upping the quality of content. Their rude rip-off of the Brits' "House of Cards" has been a long, drawn-out mess, with none of the political logic in the original...and Spacey is LOUSY as a corrupt politician. We watch a lot more British shows than we do Netflix, and what we DO enjoy on Netflix are recent series we wouldn't otherwise get (think Miss Fisher's Mysteries, or Doc Martin).
If they favor their own content, licensing will be cheaper, but they'll bear ALL the production costs, and with a corporate cheapskate like Netflix that means YouTube quality scripts, and production values.
Congrats on being an adult- I'm happy for you.
Some of us adults have children though. With a family of 5 is more challenging with the DVD service with only 3 DVDs at a time.
"That's the way to do it" - Punch
yes indeed netflix MUST carry ALL content because why??? so what if you have to surf somewhere else to watch tv shows?
Because I don't want to pay $xxx/month for Netflix, of which I'll only watch a small portion. And I don't want to also pay $yyy/month for Amazon Prime when I only want to watch a few titles from there. And $zzz/month for Hulu. And more for HBO. I just want one streaming service and have all the things there.
Some of us adults have children though. With a family of 5 is more challenging with the DVD service with only 3 DVDs at a time.
You can get more than 3 at time, but of course you have to pay for it. The current age is all about charging you a pretty high price depending on the amount of content you want to watch.
And your kids aren't like everyone else's kids, in that they want to watch one movie 20 times rather than just once?
Considering the quality of the content its probably for the best anyway.
When the were 4,5, or 6 then one movie over and over again was acceptable- now they're older than that, that trick no longer works.
"That's the way to do it" - Punch
I think I was about 20 years old when I finally grew out of that. :-D