Netflix Aims to Double Its Original Content in 2017

Chief Content Officer Ted Sarandos has announced that, between unscripted reality shows and original movies, it will produce enough content to average nearly one new property a week.

Netflix now has 30 original scripted series in development or release, and is planning to get into unscripted shows. Though it may seem like there is already a new Netflix original series every week, the online streaming giant is looking to double its original content output in 2017. Amid increased competition from new streaming services, Netflix believes that its investment in its own programming will help differentiate its service from rivals, while also simplifying the licensing situation.

He did not however reveal the titles of the promised new reality TV shows for next year.

Media strategist Liam Boluk told Fast Company a year ago that if people studied the numbers, they'd see the rapid increase in Netflix subscribers and the amount of time they spend streaming content should be a major concern, even to giants like HBO. The company has plans to spend roughly $6 billion on originals next year, which according to Sarandos would lead to 1000 hours of more original shows.

"Unscripted television is a very interesting business", Sarandos told investors at the UBS Global Media and Communications Conference in NY. "No matter what, we end up with about a third of our watching is with movies", he said, explaining that that 1/3 ratio plays out in countries where Netflix offers a wide range of movies, like Canada, as well as in countries where it doesn't, like in the United States.

Sarandos called supernatural thriller "Stranger Things" a milestone for the company, because it was the first original series developed in-house and produced by Netflix.

Keep reading to see which movies viewers were most likely to watch after binging a series. Investors shouldn't expect to see any detailed subscriber numbers from Netflix just yet, though, as Sarandos said the company isn't planning to release in-depth viewership statistics "at this point".

There are two major reasons why Netflix is interested in unscripted content. "League creation might be interesting", he said.

Sarandos also handily deflected any talk of Netflix being bought by a larger company when asked if it could ever "become a bigger company".

  • Wenger Confirms Injury Boost But Midfielder Misses Basel Game

    Wenger on Cazorla: "For me it is very bad news, You have the date of the surgery but not when he will play again". "We'll see. It usually means a tougher draw in the last 16, a stage the Gunners haven't advanced beyond since the 2009/10 season.

    Nihonium, moscovium, tennessine, oganesson: Welcome to the periodic table

    In June of 2016, suggested names for the new periodic table elements were sent to Iupac by the scientists behind their discovery. The IUPAC announced in January that the four elements would land on the periodic table, though the elements remained nameless.
    UK Independence Party elects new leader

    UK Independence Party elects new leader

    Born on Merseyside, he is regarded as well-placed to poach northern working- class voters from Labour. The party's former deputy leader Paul Nuttall will now take over the reins of the anti-EU party.
  • PM Modi, Rahul Gandhi, Arvind Kejriwal mourn Jayalalithaa's death

    C Vidyasagar Rao, the acting Tamil Nadu Governor, had on Monday morning visited the hospital to enquire about her health. It went on to add that she was being given intensive treatment with the help of life-saving medical instruments.

    Tiger Woods is back, and this time he means it

    Woods , who's returning to the PGA Tour this week after a lengthy layoff, was impressed by Jeter's enthusiasm on the links. He will tee it up Thursday at noon ET alongside Patrick Reed in the opening round of the 18-man event at Albany .

    Net long-term UK immigration hovers at record levels

    Immigration rose to a record high of 650,000 during Theresa May's past year as Home Secretary, official figures revealed today. The overall net migration figure was similar to that recorded in the year to March 2016, which hit around 326,000.
  • 'Heartbeat' abortion bill heads to the desk of Ohio Gov. John Kasich

    'Heartbeat' abortion bill heads to the desk of Ohio Gov. John Kasich

    Republican lawmakers in the Ohio House voted to approve the bill Tuesday evening after it passed in the state Senate. If Ohio's six-week abortion ban proposal is approved, it would be the most aggressive abortion ban in the country.
    Russia warns Japan not to expect quick progress on islands

    Russia warns Japan not to expect quick progress on islands

    Should the dispute finally be put to an end, Russian Federation and Japan could formally sign a peace agreement - 71 years after the end of the World War II.
    BSF foils border infiltration bid in J&K

    BSF foils border infiltration bid in J&K

    The paramilitary had deployed "depth nakas" across the fence and hence we could detect and neutralise the three militants".
  • Donald Trump Backs LA's Olympic Bid to International Olympic Committee

    Donald Trump Backs LA's Olympic Bid to International Olympic Committee

    LA 2024 achieved this realistic and achievable budget through rigorous planning and collaboration with the City of Los Angeles. Coates warned that Tokyo's snowballing costs could scare off potential host cities considering bids for future Olympics.
    Trump Team Confident Mattis Can Get Waiver to Serve as Defense Secretary

    Trump Team Confident Mattis Can Get Waiver to Serve as Defense Secretary

    The law was changed in 2008, reducing from ten to seven the number of years that a nominee must be retired from the military. Mattis has strong support in Congress, though, especially among Republicans.

    Worn-out Charlotte Hornets fall to Detroit Pistons

    That wasn't the case against the Pistons, who were either hitting open jumpers or getting to the basket with little interference. The loss spoiled another brilliant offensive outing for Isaiah Thomas , who scored a game-high 27 points for the Celtics.