As Netflix goes through a difficult period, sources indicate that the platform is trying to change its strategy for producing future movies. Definitions.
Netflix has for some time become a haven where small movies, blockbusters, and big-budget copyright movies can coexist. This model will not last long. In the last few months, the platform has been going through a critical phase. While it hoped to gain more than 2.5 million customers in the first quarter of 2022, the company recorded its first loss of subscribers in more than 10 years. At least 200,000 loyalists terminated the contract.
The streaming giant, which ceased services in Russia after the war, also has to face increasing competition. The results are already being felt internally. In May 2022, 150 employees were laid off. A figure that represents less than 2% of employees.
In Article Published in the media on 1 June Hollywood Reporter Recall that teams will discuss all plans for future studios. The investigation combines various testimonies of producers, delegates and agents, often anonymous.
Less film, but bigger and better
The magazine reveals that the trip has an impact on the teams responsible for family films and original independent projects with a budget of no more than $ 30 million. Now Netflix wants to make fewer movies, but bigger and better. For example, instead of producing two films for $ 10 million, the platform can make one for $ 20 million.
Reports also claim that expensive projects like Martin Scorsese The Irishman – released in 2019 for $ 175 million – are becoming increasingly rare. “This tendency to do everything we can to attract talent and give carte blanche is coming to an end“, – reports one of the sources of the investigation.
Small films will not disappear, but will be more focused on niche audiences and cinemagoers. By 2022, Netflix is hoping to attract more subscribers to its two titles: Gray Man with Chris Evans and Ryan Gosling – $ 200 million budget – and Knives Out 2 with Daniel Craig.
Source: allocine
Emily Jhon is a product and service reviewer at Gossipify, known for her honest evaluations and thorough analysis. With a background in marketing and consumer research, she offers valuable insights to readers. She has been writing for Gossipify for several years and has a degree in Marketing and Consumer Research from the University of Oxford.
