Reported by Deadline; Netflix plans to put out 80 original movies in 2018 at an average of one every four and a half days said content chief Ted Sarandos after Monday’s release of third-quarter earnings.
That level compares with eight in the quarter that ended September 30, Sarandos said. His comments came during a video conversation between a single analysts and the company’s top executives, breaking down third-quarter earnings. “Netflix crushed its Q3 subscriber growth targets, blowing past them on both the domestic and international fronts by adding 5.3 million total.”
Sarandos stated, “The films range from the typical million-dollar Sundance hit, all the way up to something on a much bigger scale such as Bright at the end of this year or The Irishman, which is currently in production.” Bright stars Will Smith as a “Los Angeles Police Department police officer who teams up with an Orc cop (Joel Edgerton) in a world of both human and mythical creatures.” The Irishman stars Robert De Niro as Frank “The Irishman” Sheeran; “a labor union official with mob connections, recalls his involvement in the slaying of Jimmy Hoffa, an American labor union leader.”
One major question is the viability of traditional wide-release patterns given the wariness shown by many large exhibitors about Netflix’s potential of releasing their original films in both theaters and on the platform simultaneously.