Netflix Ramps Up Its Movie Output In 2018

Netflix is about to really ramp up its movie release slate with content chief Ted Sarandos revealing ambitious plans set to kick off in early 2018.

Speaking at yesterday’s release of third-quarter earnings, Sarandos says the plan is to up their number of original movie releases to a whopping 80 movies in 2018 – a new film every four-and-a-half days. The films will range from typical Sundance hits to major movie releases like “Bright” in December and “The Irishman” in 2019.

To put it in perspective – Netflix released just 8 original films in its third quarter as opposed to the 20 or so they’re targeting per quarter in 2018.

The announcement comes as the company has reportedly tripled its global subscribers over the past four years, topping out at 109 million worldwide through September and beating expectations in its third quarter with a further 5.3 million memberships globally (up by 49% from last year’s Q3 results).

Source: News.com.au