Netflix looking to start producing original, exclusive content: report

Posted by Liam Britten

According to online entertainment magazine Deadline, Netflix is making an aggressive move towards producing original content for their video streaming service. The report suggested that Netflix had bid $100 million for the rights to remake the BBC political drama House of Cards, a series about a senior advisor to Margaret Thatcher during her years as U.K. prime minister.

From the CBC:

The rights to the series, in which Spacey plays the chief of staff to former U.K. Prime Minister Margaret Thatcher, are being auctioned by Media Rights Capital. With 20 million subscribers, Netflix Inc. took in more than $1.6 billion in revenue during its last completed fiscal year.

A report in the entertainment business website Deadline (which has since been picked up by other news agencies) says Netflix has outbid Time Warner Inc.'s HBO, which made its name as a broadcaster by airing popular shows such as The Sopranos, The Wire, and Boardwalk Empire, for the rights to the show. The reports say Netflix has bid in excess of $100 million for the first run of 26 episodes.

Just last month, the company signed a $200 million deal with U.S. network CBS to air some of the network's stable of shows. And last summer, the company made a 5-year, $1-billion, deal with movie studios Paramount, MGM and Lions Gate for the online streaming rights to their movies.

This could be the start of an exciting time for Netflix. Imagine if Netflix, or companies like Netflix, became networks in their own right, not only selling content made by others, but a vast array of original content exclusive to their own streaming service. Imagine if Netflix had its own procedural dramas, late-night comedies, news programs or even live coverage of sporting events. They could have everything a conventional network has with infinitely better selection and user choices.

What do you think? Should Netflix stick to movies and network shows, or would you watch programming produced by the streaming company in-house? Sound off in the comments section.

Company:
Netflix
Website:
http://www.netflix.ca
Location:
Los Gatos, California, United States

With more than 15 million members, Netflix, Inc. [Nasdaq: NFLX] is the world’s largest subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail. For $8.99 a month, Netflix members can instantly watch unlimited TV episodes and movies streamed to their TVs and computers and can receive unlimited DVDs delivered quickly to their homes. With Netflix, there are never any due dates... more


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Liam Britten

Liam Britten

Liam Britten is a writer and editor with a journalism background operating out of Vancouver. In addition to his work at Techvibes, he has been published in student publications across Canada, as well as local newspapers such as The MapleRidge-Pitt Meadows TIMES and The Langley Advance. An aficionado for the finer things in life — such as video games and sports — Liam is plugged into the tech... more




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