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The Financial Express

Netflix planning over 30 original shows

Year-end subscriptions surge past 117 million in 2017


| Updated: January 24, 2018 14:07:34


AP file photo used for representational purpose only. AP file photo used for representational purpose only.

Online streaming pioneer Netflix said it is planning more than 30 original international programmes this year, including projects from France, Poland, India, Korea, and Japan.

The first episodes of Juventus, about the Italian football club, would be available in February, it said on Monday.

Netflix, which is available in more than 190 countries, said its membership surged past 117 million last year, a rise the company showed its investment in original programming was paying off, the BBC reports.

The streaming juggernaut added a record 8.3 million subscribers in the three months to December, with 6.36 million of those outside the US.

The average member spent 9 per cent more time watching Netflix last year than in 2016, the US entertainment company added.

Viewers were attracted by new seasons of shows including The Crown.

However, it wrote off $39 million for "unreleased content" understood to feature disgraced actor Kevin Spacey.

Netflix cut ties with the star of House of Cards, one of its first big hits, after he was accused of sexual misconduct last year.

The company temporarily halted production of House of Cards to write out Spacey's character and decided not to release the film Gore, which starred the actor as writer Gore Vidal.

The growth is a sign of broader trends, as customers opt for online entertainment and switch away from more expensive pay-TV subscriptions.

Netflix's original programmes are meant to counteract the threat as other production companies raise the prices they charge for their shows.

Some, as in the case of Disney, are preparing to pull programming from the platform and set up their own streaming service in a bid to stay competitive.

Netflix says it thinks there is room in the market for multiple services. It has also been striking deals with internet and mobile phone companies to include Netflix as part of monthly packages.

 

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