How much of Netflix's spending is going toward original shows?

Netflix chief content officer Ted Sarandos. Image from Twitter/@sarcastard1

Differentiating its local original content from that of local broadcasters will help Netflix succeed in what he termed "a television starved market", speaking at the MoffettNathanson Annual Media & Communications Summit in NY.

Another thing that isn't secret is Netflix placing much more of its attention, and money, on its own shows instead of reruns and movies made by others.

Worldwide Netflix lovers will have a gala time as the content provider will launch 1000 originals on its platform by the end of 2018.

At the MoffettNathanson's Media & Communications Summit, Netflix's chief content officer, Ted Sarandos shared the streaming giant's plans to drastically increase original programming in the coming year. Variety also reported Sarandos said 85 percent of Netflix's spending is on original content, which 90 percent of their viewers watch regularly. The company expects its content spending for 2018 to be up to Dollars 8 billion. The other main method for Netflix to pay the bills is through those monthly subscription fees paid by its members. And with a lineup of shows like Stranger Things, Lost in Space, big deals with Ryan Murphy and Shonda Rhimes, and the newly-acquired horror anthology from Guillermo del Toro, it's no wonder the streaming service has such a great reputation.

Usually SVOD platforms raise their subscription rates seldom but a recent survey found that Netflix subscribers might be willing to pay even more than they do now.

"The creators we're talking to, they watch Netflix and they want to be on our network", Ted said, Via NY Post. To put that into perspective, almost half of all original content on the most popular video streaming service in the world will roll out in the next seven months.

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