Everyone has been discussing where Netflix is heading since the market collapsed due to the company’s loss in subscribers. The subscription prices went up and fans aren’t happy. Now more competitors are entering into the huge streaming market and Netflix is losing their biggest streaming offerings that kept their watchers subscribed. They have taken a step back and are looking to take some big measures moving forward into the future.
Netflix Has Major Changes In Store
Netflix previously took the animation division to the next level and it is one the weirdest highlights of how that type of filmmaking always becomes the scapegoat nowadays. The future for animation is looking rather questionable. The Hollywood Reporter highlights that Netflix should be making their biggest re-evaluation in the form of Scott Stuber‘s feature film division.
Apparently, Netflix has let 150 employees go, which is 2% of their workforce as they are still in the middle of re-arranging their projects. All of the divisions are mostly affected, and Netflix is looking at releasing bigger productions but fewer of them. Previously, they had tried to tackle the arthouse genre with some products from masters from the industry, now they are noticing that it’s not necessary for these projects to be a hit. Ted Sarandos shared in an April Earnings call:
“Today, we’re releasing some of the most popular and most-watched movies in the world. Just over the last few months, things like Don’t Look Up and Red Notice and Adam Project, as examples of that. But what this bigger, better. fewer.”
The future is looking a little different for Netflix. It technically doesn’t mean they will cut small projects, but they will refocus more moving forward. They have decided to dial back the number of films they’ll produce and might move away from high-budget projects.
Netflix is more driven by algorithms than any other studio out there. They seem like they’ve finally realized that the quantity of films they put out at high production values doesn’t offer them what they wanted and dialing back is the result. We will keep an eye out to see how many projects it will affect moving forward.
We hope to continue to see passion projects and are sad to see some of the high production films be phased out. The pricing is what fans are having trouble with as well. Netflix raised their subscription prices and many fans are concerned if their favorite movie or show will still be made available. Still, we will be watching Stranger Things Season 4 because Netflix did a brilliant job with this new season.
What do you think of Netflix possibly dialing back bigger projects? Will fans want to continue their subscription to the streaming service? Let us know down in the comments below or on our social media!
Source: Murphy’s Multiverse