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).
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