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Netflix Signs Moonshot Pictures for New Brazilian Original Show

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Spectros to debut on Netflix in 2019

Netflix (NFLX) is working on a new Brazilian original series called Spectros. Brazilian film production company Moonshot Pictures is slated to produce the series, which revolves around a group of five teenagers in a São Paulo neighborhood. Netflix intends to produce eight episodes of Spectros, which is expected to start airing in 2019.

It’s unclear how much Netflix is spending on its Spectros production, but the company has said it may spend as much as $8.0 billion on content acquisitions in 2018. The company spent more than $6.0 billion on content in 2017. Hulu, Amazon (AMZN), and Walt Disney (DIS) spent $2.5 billion, $4.5 billion, and $7.8 billion on non-sports content programming in 2017, respectively, according to MoffettNathanson.

Apple and Facebook (FB) are also vying for high-quality video content, with Facebook reportedly willing to pay as much as $3.0 million per episode of premium shows.

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Netflix leading in Brazil

Netflix is working on expanding its Brazilian original programming at a time when the company has been shown to be the country’s leading subscription video service. According to a study by Business Bureau, Netflix commands 18.0% of Brazil’s online subscription video market, with the next competitor holding just 4.0% of the market. There are 78 online subscription video services serving the Brazilian market.

Revenues rose more than 40%

Netflix’s worldwide revenues rose 40.3% YoY (year-over-year) to $3.9 billion in the second quarter. Revenues rose 2.1% YoY at Comcast (CMCSA) in the second quarter. Comcast is one of the co-owners of Netflix competitor Hulu.

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