Netflix’s investment in original content
Netflix (NFLX) is the world’s leader in movie and TV streaming service and has been investing in original content and programming to stay ahead in the streaming space. Netflix has spent more than $8 billion in content in 2018, more than Amazon (AMZN), Hulu, or Apple, which have spent around $4 billion, $2.5 billion, and $1 billion, respectively, on content in 2018 to grow its subscriber base. Notably, the global OTT (over-the-top) content market is growing and is expected to hit $245.8 billion by 2028, according to predictions by Future Market Insights.
Hulu is co-owned by Walt Disney (DIS), AT&T (T), and Comcast (CMCSA), where Disney has a majority stake of 60%, while Comcast and AT&T have stakes of 30% and 10%, respectively, in Hulu. Disney recently gained a 30% stake in Hulu after it acquired the majority of the assets of 21CF, which spun off its remaining assets into a firm called Fox Corporation (FOXA).
Netflix’s original movies for April
For the spring season, Netflix has plans to offer a new Kevin Hart stand-up special, series for kids, and some interactive new shows, which will add to around 21 original movies for kids as well as adults in April. Some of the films for kids include Spy Kids and Seth Rogen’s Pineapple Express in April. Comedy movies like Arthur, Evolution, Snatch, and horror movies like Freddy vs. Jason and Friday the 13th are also in the pipeline for next month.
Plans for 2019
Netflix also has plans to launch many titles in 2019 like The Umbrella Academy, The Irishman, Triple Frontier, 6 Underground, and The Politician. Netflix is also slated to release returning seasons of The Crown, 13 Reasons Why, Elite, Stranger Things, and many others in 2019.