Sources: after churning out 500+ original programs last year, Netflix is looking to add fewer new titles and focus more on quality, while reining in spending
Streaming service spent lavishly on productions to win subscribers, but now growth has slowed — For Netflix Inc., NFLX -3.47% ▼ the era of carefree spending is over.
Netflix's circular logic of spending increasing amounts of money on shows to acquire users because we can always raise prices led to 500 shows a year & $30M per episode cost for Stranger Things. Disney+ doing fewer shows, weekly & lower price was smarter. https://www.wsj.com/...
So, this is why they're putting ads in, losing all their good content, raising prices on consumers, & saying it's because of “password” sharing that they have to raise prices. have you noticed that in the history of the world no company has ever had to raise prices voluntarily? h…
It has a fairly large cast who have negotiated their rates up, which accounts for ~some~ of the $30 million per episode costs. “Stranger Things” Stars Score Massive Pay Raises for Season 3 https://www.hollywoodreporter.com/ ... https://twitter.com/...