Netflix has so far treated fans with a wide range of original content over the years, and it sounds like the movie side of things isn’t slowing down.
Recently, Netflix movie chief Scott Stuber discussed the company’s strategy for making and releasing movies in 2018 and after that. As it reveals, Netflix’s original film operation is set to supply 55 original films in a single year, with a total of 90 including documentaries and animated films. The report also hints that the budget of the films is as high as $200 million, but it does not say which film takes on that price tag.
The article also points out that Universal Pictures releases around 30 movies each year while Warner Bros. released 23 movies in this calendar year alone, and Walt Disney Studios only releasing nine.
For some, the idea that Netflix is releasing so many original movies per year is probably a little daunting, especially when combined with the original television shows that it releases each year. A report from October outlined that Netflix has plans to double its number of original content, something that even became a source of parody on Saturday Night Live.
Even with Netflix essentially releasing two original movies per year, a handful of recent entries have risen above the pack in one way or another. The Kurt Russell-led The Christmas Chronicles was reportedly viewed 20 million times in its first week on Netflix,
“Even in [Russell’s] successful career, he’s never had that many people see one of his movies in the first week ever,” Netflix CEO Ted Sarandos explained when he revealed those numbers. “That’s a testimony to what we can bring to the market for storytellers today that we couldn’t have ten years ago.”
“If every one of those [20 million streams] was a movie ticket purchase, that’s a $200 million opening week,” Sarandos noted. “Even movies that go on to $1 billion don’t typically do that in the first week.”