Over the past few years, Netflix has had the ambitious goal to double its original content output annually. Well, it appears that that plan has no intention of slowing down, with executives from the streaming giant revealing that they will offer a staggering number of original series and movies in 2018.
During an appearance at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday, Netflix CFO David Wells revealed that the service would stream approximately 700 different TV and film offerings that have been made exclusively for Netflix during this calendar year. According to Wells, the service’s ever-expanding original content library is the largest driving force behind signing new subscribers, and the company currently has about 111.6 million paying customers worldwide.
That’s good news for Wells and co., since Netflix’s lavish spending on acquiring top-tier talent (reportedly in the $8 billion range) has certainly raised some eyebrows in recent years. Comedians like Chris Rock have signed eight-figure deals with the company, and bigwig TV showrunners like Shonda Rhimes and Ryan Murphy have also recently inked similarly lucrative contracts to produce exclusive content for the streaming service.
What all of this means for viewers, though, is that they’re basically never going to get anything done, ever. Enjoy endlessly scrolling through hundreds of options, folks.
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