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Netflix's Big Bet on Original Shows Finally Seen Paying Off (reuters.com)

Posted by msmash on from the original-content dept.

Netflix shares jumped as much as 20 percent on Tuesday, after the company added 50 percent more subscribers than expected in the third quarter. Reuters adds: At least 10 brokerages, including Goldman Sachs and RBC Capital Markets, raised their price targets on the stock, praising the company's focus on developing original content. The video streaming company also said it was getting ready to spend $6 billion on content next year, up $1 billion from 2016. "The benefits of Netflix-produced original content including attractive economics and greater control are clear and we believe returns on original spend are high," J.P. Morgan Securities analyst Doug Anmuth said in a research note. Strong subscriber additions after two quarters of disappointing growth helped Netflix post a 31.7 percent jump in third-quarter revenue. Anmuth said he believed Netflix was on track toward 60 million plus subscribers in the United States and about 100 million internationally by 2020.A study by IHS Markit this month noted that both Netflix and Amazon are challenging major networks by upping spending on original shows. The study noted that Amazon and Netflix both had doubled spending on new shows in the last two years. Amazon dropped $1.22 billion in 2013 and spent $2.67 billion in 2015. Netflix's spending on original content rose from $2.38 billion to $4.91 billion over the same period.

2 of 90 comments (clear)

  1. Re:Luke Cage and Daredevil Season 2 were awesome by Anonymous Coward · · Score: 0, Redundant

    What is so great about Luke Cage? I'm not trying to be obstinate, I'm legitimately curious. I have heard numerous people say it's great, but I'm 11 episodes in now and I think it's the worst of the shows from Marvel. Daredevil S1 was pretty good, S2 was a bit of a mess. Jessica Jones was good, although really dark. Luke Cage is slow, boring, and predictable so far. Even the main character, who they are trying to paint as very moral, has a pretty major period of immorality. That is easily overlooked if I cared at all. While watching the show I have gone from interested, to bored, to not caring, to just wanting to finish the story.

    So I ask, what is so good about Luke Cage? What am I missing?

  2. Re: Luke Cage and Daredevil Season 2 were awesome by Luthair · · Score: 1, Redundant

    Apparently expressing an opinion is now trolling. Guess slashdot has been invaded by fanboys.