Netflix CEO Pushing Creative Team to 'Take More Risks'

Its high-budget epic-drama "Marco Polo" was also cancelled at the tail-end of a year ago after two seasons.

Hastings says that, going forward, Netflix will increase its originals budget "a lot".

It's an excellent PR spin to add the caveat that there are just too many good shows, but the sentiment is still there: Netflix needs to cut back and focus on higher quality. While the company's position hasn't changed - it still believes the principles behind net neutrality are fundamentally correct - Netflix isn't almost as outspoken now that the FCC is throwing out the rules that helped protect it back in the day.

Netflix has only canceled six of its original series so far: Lilyhammer, Hemlock Grove, Marco Polo, The Get Down, Sense8, and Bloodline, with the latter's cancelation stemming from a new tax law in Florida (where the show filmed) that made it no longer financially viable. "We've canceled very few shows", he continued.

The change could bring Netflix into the same realm as the average television network, where beloved shows are cancelled and abandoned despite their cliff-hanger end. The controversy drew attention and may mean that people will know about a movie that they may never have discovered or watched. Sure, there are also much more traditional Netflix originals like Flaked and Real Rob, but Netflix originals tend to be fairly diverse and touch upon relatively sensitive issues as a rule. "They're trying to be Walmart".

But with the recent cancellations, it does seem as if the company is making a ― to quote one of the most popular shows on the service ― "pivot".

Antonio Conte to send Tammy Abraham on loan to Newcastle
Chelsea youngster Tammy Abraham is closing in on a season-long loan move to Newcastle United, according to the Daily Mail . And for a loan deal, it is certainly a risk that Newcastle will have no qualms about taking.

Ohio Sues Five Drug Firms, Saying They Fueled Opioid Crisis
The states claimed the companies knew their products caused illnesses but went to great lengths to hide scientific evidence. The lawsuit also seeks an injunction to stop the companies from "continued deception", DeWine's office said.

Armed man arrested at Phoenix Comicon
All costume props are no longer allowed, including foam and cardboard props, shields and sabers. If you buy a prop weapon, police will require you keep it sealed while you're inside the venue.

The annual budget for Netflix originals is already $6 billion for 2017; the idea that it will grow even more is pretty wonderful.

And in a bit of a surprise, Hastings offered a hint about how Netflix now determines success or failure.

Hastings was asked if Netflix wants to leverage its subscriber base for something other than the company's core content offering.

"The Trump FCC is going to unwind the rules no matter what anybody says", Hastings argues.

Netflix's rapid rise from a mail order DVD rental service in 1997 to become the dominant global video streaming service has taken the world by storm and now they have almost 100 million people on their books.


Popular
  • Sonic Mania Release Date and Price Confirmed by Sega

    Sonic Mania Release Date and Price Confirmed by Sega

    Sonic Mania's release date has been confirmed thanks to the official Sonic the Hedgehog Twitter account. Harness Sonic's new drop dash, Tails' flight, and Knuckles' climbing abilities to overcome the evil Dr.
    Ontario to raise minimum wage and update labour laws, premier says

    Ontario to raise minimum wage and update labour laws, premier says

    In 2016, the median hourly wage was $13 for part-time workers and $24.73 for full-time workers. It will rise, as scheduled, with inflation from $11.40 now to $11.60 in October.
    Bella Hadid suffers wardrobe malfunction at Cannes Film Festival

    Bella Hadid suffers wardrobe malfunction at Cannes Film Festival

    The star of the Blurred Lines video and Gone Girl wasn't the only one who made a statement with a barely-there appearance. Yesterday, the handsome Jessica Chastain (member of the jury) arrived black glasses on the nose and smile to the lips.
  • Audit: Millions of Trump's Twitter followers are fake

    Only Trump and perhaps some collection of his advisors know for certain if this president bought any of his 31 million followers. The president experienced an increase of 2.3 million followers in May, adding approximately 573,000 followers each week.

    Egypt launches second round of air strikes over Libya

    Egypt has seen a sharp rise in attacks against Christians , who represent 10 percent of the country's 91 million residents. Egyptian military footage of pilots being briefed and war planes taking off was shown on state television.

    G7 leaders divided on climate change

    The backing of the Paris Agreement goals from Canada, France, Germany, Italy, Japan, and Britain is not a surprise. The G-7 leaders had better luck finding agreement on the other problematic topic at the summit, trade.
  • 'He's human': Cavs coach defends LeBron after 'weird' loss

    'He's human': Cavs coach defends LeBron after 'weird' loss

    As much as this series was about James , Irving helped turn the tide of the series with a 42-point effort in Game 4. The Cleveland Cavaliers made it to the free throw line 13 times during the first quarter of Game 3.
    British police make two more arrests after Manchester bombing

    British police make two more arrests after Manchester bombing

    Her French counterpart Gerard Collomb said he had links with Islamic State and had probably visited Syria as well. He was also detained by Libyan militia on Wednesday, authorities said, although it was not clear on what charges.
    Manchester bombing: 10 remain in critical condition

    Manchester bombing: 10 remain in critical condition

    I am taking these concerns seriously and, at the appropriate time , they will be subject to a full evaluation and briefing. Police officers and army personnel had rushed to a street in Hulme after a "suspicious package" was discovered there.
  • Kathy Griffin photographer stands by beheaded Trump shoot

    TMZ reported the boy mistook the "joke" for the real thing, and thought his father had been beheaded. Tweeting Wednesday morning, he said Griffin "should be ashamed of herself" for creating the video.

    Foreign fighters among militants in Philippines

    Clashes erupted on Tuesday as the military moved to hunt down Abu Sayyaf leader Isnilon Hapilon, who was sighted in Marawi City. Authorities said the militants had killed 19 civilians in Marawi, a mostly Muslim-populated city of 200,000 people.
    ONGC Q4 Net dips 6.2% at Rs 4340 cr on royalty payments

    ONGC Q4 Net dips 6.2% at Rs 4340 cr on royalty payments

    Also, the company provisioned Rs 1,944 crore towards ensuing pay revision for employees. Consolidated turnover was up 4.8 per cent at Rs 1,42,149 crore.

CONNECT