It looks like Netflix’s New Hollywood phase has come to an end. At the same time, the streaming giant’s feature film division has released a surprising amount of content in recent years. Further, users have been leaving the former king of streaming mountain in massive numbers. As a result of the development of multiple similar studio-owned services. Customer dissatisfaction with growing costs, and content controversies, are also the issue among other factors. So, how does the future appear?
Although, the company wishes to involve viewers with a “bigger, better, and fewer” strategy. Therefore, the service will continue to produce high-quality films starring A-list stars. Just not as many as in the past. Also, Netflix party has entertain viewers in an amazing way. As they can enjoy streaming their favourite content with anyone worldwide.
Furthermore, ‘Ted Sarandos‘ Netflix co-chief, explained the strategy to The Hollywood Reporter. “Just a few years ago, they struggled to out-monetize the market on little art films,” said the chief content officer. “Today, they are launching some of the most famous and most-watched films globally. Just over the last few months, things like Don’t Look Up and Red Notice and Adam Project, as examples of that.”
Moreover, all is well and good, but the company’s recent successes haven’t helped its bottom line or stock valuation. Which has dropped 44 percent since the company’s April 19 results announcement. Is the new strategy likely to make a difference! Or will it simply be (poor) business as usual with less content?
Though, viewers who continue with the service are likely to witness considerably fewer big-budget movies. Like the ones mentioned by Sarandos. Instead, cutting back will almost certainly result in more films squeezed in. Out of what would have previously supported one Adam Project-style picture. In other words, don’t expect any Netflix film, including Stranger Things, to match with Disney Plus. In terms of relative special effects budget. For the time being, big projects such as The Irishman are unlikely to be on the platform.