Netflix’s investment in original content spells excellent news for aspiring actors
According to reports, Netflix is ramping up production in 2020 with multi-billion dollar investment in content. The streaming platform will invest around $17.3 billion in content, according to a new forecast by BMO Capital Markets. That is up from $15.3 billion in 2019. Netflix will not slow down anytime soon.
The news comes ahead of Netflix’s scheduled fourth 2019 earnings report on Tuesday, January 21st. Investors will be looking into how Netflix will be able to compete against Disney Plus and Apple TV, two new competitors in the streaming markets.
“We continue to believe the ‘streaming wars’ narrative is false and there will be multiple winners in global streaming,” BMO’s Dan Salmon wrote in the research note.
What does this mean for actors? Netflix’s continued investment in content means more acting jobs for actors and crew jobs for filmmakers. Moreover, with more competition with Disney and Apple TV, the number of scripted television series is expected to skyrocket, allowing more aspiring actors to land a speaking role and break out in this very competitive industry.
That said, Netflix will continue to be a significant influencer in the hiring market for actors. Netflix’s overall content spending is significantly higher than what other media moguls are spending. Disney has spent $1 billion on original content for Disney Plus and will have $1 billion in operating expenses. According to AT&T, WarnerMedia will spend up to $2 billion in HBO Max in 2020, while Comcast/NBCUniversal has allocated about $2 billion for Peacock in the service’s initial two years.
Original Post: July 9, 2018: Netflix was on track to release 82 original movies in 2018.
Recently labeled the “world’s most valuable media company,” Netflix is planning on not stopping their conquest of the film, TV, and entertainment industry. While previous reports suggested the company would spend $8 billion on original content in 2018, new reports indicate that Netflix will pay $13 billion into its original programming by the end of the year. Before 2019, the streaming company will reportedly have ordered approximately 82 original films to be streamed on their platform, compared to Warner Bros. 23 and Disney’s 10, and that does not even account for Netflix’s numerous original series.
Despite the company currently being in debt, Netflix has enjoyed substantial gains as a result of a loyal subscriber base and significant growth numbers.
This news comes after the streaming giant introduced a new “Ultra” payment plan. According to the streaming service’s European users, a new payment option has begun appearing. Prices for the “Ultra” level have been between EUR 16.99 (approximately USD 20) and EUR 19.99 (roughly USD 23), three euros above the current “Premium” payment option. Talking to CNET, a Netflix spokesperson, added that the company is “testing slightly different price points and features to understand better how consumers value Netflix.”
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