- Is Trump defiling the U.S. flag in this MAGA dude’s artwork? Sunday 4:41 PM
- White woman claims she invented sleep bonnets, selling them for $100 Sunday 4:03 PM
- Even real cats are transfixed by the enigma that is the ‘Cats’ trailer Sunday 3:04 PM
- Wait, how tall is Peppa Pig? Sunday 1:55 PM
- Twitter suspends Iranian state media outlets for harassing members of a religious minority Sunday 1:06 PM
- Pro-MAGA pageant queen stripped of title over ‘offensive’ tweets Sunday 11:52 AM
- Marvel unveiled its Phase 4 plans at San Diego Comic-Con Sunday 9:16 AM
- How a queer Instagram is helping fight the opioid epidemic in Appalachia Sunday 6:30 AM
- Philadelphia to fire 13 officers for racist, violent Facebook posts Saturday 6:12 PM
- Nick Offerman is so down to play every single role in ‘Cats’ Saturday 4:27 PM
- Woman documents how airport staff broke her wheelchair Saturday 3:04 PM
- Funeral home allegedly posted photos of woman’s dead body on social media Saturday 1:56 PM
- Alinity Divine is being investigated after throwing her cat during stream (updated) Saturday 12:04 PM
- ‘Comedians In Cars Getting Coffee’ returns with Seinfeld making a racist joke about China Saturday 10:26 AM
- YouTubers Eugenia Cooney and Shane Dawson make a joint comeback Saturday 9:06 AM
More money, more originals?
Netflix has a big goal: to have originals make up half of the content on the streaming platform.
According to CFO David Wells, it will take a “couple more years” to reach that milestone. He told investors on Tuesday that Netflix will drop more than $1 billion into original content, and that might mean borrowing money, which would mean original series might take longer in development.
He added that the demand for more originals means that the streaming service will also have to raise prices over time. This summer Netflix raised its monthly fee, and subscriber growth started to decline earlier this year. Wells admitted Netflix leadership is facing “pressure from investors that we’re underpriced.”
While Netflix has seen success with shows like Stranger Things and an Emmy for Master of None, it’s also starting to pump the brakes, as evidenced by the recent cancelation of Bloodline. The show never quite found the right audience, which could likely be said for other original series that still have a pulse. Could more cancellations lie ahead?
Audra Schroeder is the Daily Dot’s senior entertainment writer, and she focuses on streaming, comedy, and music. Her work has previously appeared in the Austin Chronicle, the Dallas Observer, NPR, ESPN, Bitch, and the Village Voice. She is based in Austin, Texas.