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1,000 hours of Netflix original content coming next year

Netflix to increase original content by 400 hours following excellent fiscal year.

@seanridgeley
Published Tue, Oct 18 2016 4:22 PM CDT   |   Updated Tue, Nov 3 2020 11:58 AM CST

We knew Netflix was leaning toward original content going forward, but not quite this hard: a letter sent to investors yesterday states it's planning over 1,000 hours of original content for next year, a major increase over 2016.

1,000 hours of Netflix original content coming next year | TweakTown.com

"We are now in the fourth year of our original content strategy and are pleased with our progress," it reads. "In 2017, we intend to release over 1,000 hours of premium original programming, up from over 600 hours this year."

It has good reason to be pleased, too: quarterly global streaming revenue exceeded $2 billion for the first time (up 36% over last year), attributed partly to success of original shows like Narcos and Stranger Things. Perhaps surprisingly, Netflix is still about breaking even for the 2016 fiscal year, but expects to finally be profitable starting next year.

NEWS SOURCE:exstreamist.com

Sean has a background in journalism, and has been using that to write about gaming and tech since 2008 - first for Neoseeker, then Rage3D, and now, TweakTown. As News Editor, Sean's job is to supply regular stories on the latest happenings in the tech world. He also writes tweak guides to help you get the most out of your PC games and hardware.

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