Netflix keeps ramping up its original film productions unit with a new report in The New York Times indicating Netflix plans to produce 90 film releases in 2019. 55 of those films will be live-action original works of various budgets from a few million up to $200 million. The remaining 35 will be documentaries and animated movies.
Of those 55, they are split into two different groups – around 20 ‘Originals’ which will have relatively large budgets between $20 million and $200 million. Around 35 ‘Indies’ which will be sub-$20 million fare and would include specific audience-targeted fare (like their successful rom-coms) and genre fare, with about ten or so being dedicated to art-house directors ala Nicole Holofcener and the like.
For comparison, in 2019 Disney is releasing just nine theatrical films and two cable telemovies. Major rivals like Warner Bros. Pictures and Universal have around twenty theatrical releases planned each through their main studio banners. The major studios also have to spend very big on marketing campaigns, something Netflix doesn’t really have to do and thus is able to pour more money back into production.
The announcement follows on from a report, commissioned by the cinemas themselves, which confirmed that the moviegoing public who most consumes Netflix is also the most likely to head to cinemas – meaning theatrical releases and Netflix releases can both thrive.
Amongst the major films confirmed for 2019 by Netflix are Martin Scorsese’s “The Irishman,” J.C. Chandor’s “Triple Frontier,” Michael Bay’s “Six Underground,” Steven Soderbergh’s “The Laundromat,” David Michod’s “The King,” Dee Rees’ “The Last Thing He Wanted,” and the Sandler-Aniston rom-com “Murder Mystery”.