If you're a big fan of films, you may have noticed that the range of big blockbuster hits available on Netflix has been dwindling over the last few years. Turns out, Netflix is doing that on purpose. The streaming company is actually spending less money on movies than television series.
Everyone loves to binge-watch a television series. Whether you're just catching up on last season, or you just found a new favorite show, many people in the United States are spending more time watching series than watching, or at least, rewatching movies – and Netflix knows it.
This is one of the many reasons why the streaming service has decided to invest less and less money into purchasing licensing for various film studios. Many of the big studios are producing quality work in terms of movies, however, those films aren't likely to be re-watched by movie fans. This means that after those big blockbuster hits come out of the theater, there aren't too many people who are going to watch them again.
Of course, there is always an exception to the rule. The one license that Netflix has decided is very much worth the cost is Disney.
Disney not only offers kids films, such as Zootopia, which is incredibly re-watchable, but the company also creates the popular, and also re-watchable, Marvel and Star Wars franchises. This content is watched over and over by users, much like the many television series available on the site. So, it is worth every penny.
So, if Netflix isn't investing in movie licensing, where is all the money going? It is going into creating the great original content that viewers love, such as Stranger Things, Orange is the New Black, and Luke Cage.
What do you think of Netflix's decision to invest less in movies and more into series? Is it time to lose the "flix" part of the name?
[H/T Fox Business]