Netflix will cut its investment in movies after several failures
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Netflix has been betting for a long time on the big productions in its films, with millionaire investments. It is one of the reasons why rates on the streaming platform have risen. Although some of these productions are not having the expected results. The last one is Triple Frontier, which is being a failure. Therefore, the firm now changes its strategy.
Netflix will reduce its investment in movies
Since they will bet on reducing their investment in movies and they will be more selective with the content that they are going to finance from now on. To avoid projects that end in failure in this way.
Fewer productions
So Netflix is only going to inject large amounts of money into those projects that are going to mean a return on investment and are going to have a large audience on the platform. Which means that there will be fewer big-budget films to be made. An important change, since its objective this year was to make as many large productions as possible.
But the platform has already had a couple of major failures in this field, which represent a great loss of money. So they seek to reduce the chances of this happening by better selecting their projects.
Netflix spends huge amounts of money on its own projects and productions. Although not all have gone well, especially in the field of movies. So they are committed to being more selective and we will see only some projects that they know will give a good performance.
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