With Apple, Disney, and NBC all about to enter the streaming service wars, rising costs of producing content will make the reported £100 million ($125 million) Netflix spends producing The Crown “look like a bargain,” Netflix CEO Reed Hastings said at the RTS television industry conference in Britain this week, Reuters reported. ”It’s a whole new world starting in November,” Hastings said at the conference, according to Reuters. The increasingly crowded streaming field will lead rival platforms to compete for the best content and talent, he added. The success of The Crown — which won lead actress Claire Foy an Emmy last year for her portrayal of Queen Elizabeth — has prompted Netflix to invest more in British TV production, Reuters reported. ”The possibilities the internet brings for growing entertainment is phenomenal, and over the next several years, with all of the expansion, I think we are going to see a very large increase in how much content is produced here in the UK,” Hastings said at the conference. “This year we spent a little over 400 million pounds in the UK and that’s continuing to grow, following our subscriber base.”Netflix is projecting “a big increase” in spending next year as well, he… Read full this story
- Matt Hancock repeats claim that NHS workers are overusing PPE as nursing chief hits back that protective gear is not more 'precious' than a medic's life
- Netflix’s ‘The Crown’ vs. PBS’ ‘Victoria:’ Prince Philip Is Eclipsed by the Amazing Albert
- Netflix users now only have to watch a show for TWO MINUTES to be counted in its ratings - and the change in how the streaming giant counts 'views' has boosted the popularity of its shows by 35%
- Hollywood – Netflix release date, cast and plot
- Netflix viewers rave that Ozark as ‘better than Breaking Bad’ after ‘jaw-dropping’ season 3 finale
- Not just Netflix: the best alternative US streaming services
- Tiger King Fans Are Flipping Out That John Finlay Is Almost Unrecognizable in New Episode
- Delhi chief secy orders deployment of ACP-rank officers at quarantine centres
- 'We will emerge a better society after coronavirus': Britain's defence chief General Sir Nick Carter says likening crisis to war gives 'us a binding sense of purpose to help us through it'
- When is How to Get Away With Murder season 6 on Netflix?
- Netflix Guide: 10+ TV Shows and Movies You Have to Watch This Weekend
- Netflix, Amazon Prime etc are flouting India tobacco regulations: Study
Netflix chief: $125M for The Crown? That's a bargain have 407 words, post on www.cnet.com at September 20, 2019. This is cached page on Konitono Blog. If you want remove this page, please contact us.
