Netflix to Take on Movie Studios in Expansion

Netflix to Take on Movie Studios in Expansion

After Netflix first ventured into original movie content with Beasts Of No Nation earlier this year, they aren’t stopping at distribution, instead Netflix are pushing on by financing films. In a move which sees Netflix to take on movie studios in expansion, we will see a lot more original content coming from the streaming giants, but going as far as financing a film is a big step.

When Netflix paid $12 million for the distribution rights to Beasts Of No Nation, from a relative unknown director, it was seen a bold move but ultimately paid off. According to statistics from Netflix, the film attracted over 3 million views on its streaming platform, compared to a not so great box office showing. But this time, Netflix will be laying down $50million in order to secure the rights as well as finance Snowpiercer director Bong Joon-Ho’s new film, Okja. Brad Pitt’s production company Plan B are said to be co-producing the new film which is starring Jake Gyllenhaal, Tilda Swinton and Paul Dano.

This is only the first step in Netflix looking to take on the traditional studio system, something that many agree have lost its way. When money dominates the film industry as much as it does, the bigger studios tend not to risk it on original ideas but instead much prefer to tread on familiar ground, safe bets like sequels and reboots. But Netflix are not afraid of gambling on original ideas, much how they are beating cable companies at their own game with original TV shows.

Netflix continues to dominate elsewhere as Australia has hit 1 million subscribers in just eight months, after Netflix officially launched in Australia and New Zealand earlier this year. With having over 69 million subscribers worldwide, the service is only growing in popularity, it plans to be in the homes of one-third of all Australian homes in seven years.

If you are a Netflix subscriber, then you will know you can access the service wherever you are in the world. But did you know only certain shows and movies will be available depending on the region you are viewing from. So if you are halfway through House of Cards in the UK and you travel abroad, hoping to catch the rest of the show in your hotel room in Hong Kong, you may find it is simply unavailable. This is due to the regional restrictions in place thanks to licensing laws between countries. With Le VPN you can easily bypass these and watch any Netflix library no matter where you are.

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