Netflix Brought Back the Reboot, But Now It's Shifting Strategy
Netflix may have brought back the reboot, but now the streaming service seems to be leaving that strategy behind.
“It’s funny because Netflix really did start the trend with ‘Fuller House,’ the continuation of the 90s sitcom from ABC,” Michael O'Connell, reporter at Hollywood Reporter, told Cheddar.
“But now it seems that Netflix is kind of shying away from this. They don’t want to be in the business of saving shows or working with other people’s intellectual property. They want to do their own thing.”
That seems apparent from recent reports, which say Netflix plans to roll out 700 original movies and shows this year, according to Variety. Eighty international productions are also on the docket. The company will spend up to $8 billion to fund these projects this year.
CFO David Wells said the push is meant to expand the company’s subscriber base. In its last earnings report, Netflix said it hit nearly 118 million paying users, more than half of whom are overseas.
For the full interview, [click here](https://cheddar.com/videos/hollywoods-reboot-revolution).
Arjan Stephens, President of Nature's Path, discusses the company's origin, how it has evolved today and the interesting product that came from his wedding!
Small business reporter, Gene Marks, joins Cheddar to give analysis on how small businesses are tackling incoming tariffs and how it will affect the consumer.
Babylist CEO Natalie Gordon joins Cheddar to discuss how the website is helping new parents, how to make a registry and how secondhand options are available.
Biotechnology company Regeneron Pharmaceuticals is buying 23andMe for $256 million, two months after the genetic testing company filed for Chapter 11 bankruptcy protection.
ReturnPro CEO Sender Shamiss to discuss how his company is changing the way we make returns and how Trump's tariffs are affecting the return business. Watch!
