As Netflix continues to pour billions of dollars into developing original content, the company’s once gargantuan library of movies continues to shrink. Hardly a surprise, Netflix executives have made it clear that their ultimate goal is to lessen their reliance on third-party content as much as possible. Just a few years ago, for example, Netflix CFO David Wells said that Netflix eventually wants 50% of all TV shows and movies available on its site to be original content.
In light of that, Netflix hasn’t been afraid to let big licensing deals with movie studios expire. Most famously, Netflix in 2015 opted not to renew a licensing deal with Epix, a decision which saw the streaming giant lose thousands of movies, including top-tier titles such as The Wolf of Wall Street and The Hunger Games: Catching Fire. All told, Netflix’s selection of movies has been shrinking drastically over the past few years.
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Netflix’s movie library is shrinking as company remains focused on original TV content originally appeared on BGR.com on Tue, 3 Dec 2019 at 19:37:53 EDT. Please see our terms for use of feeds.
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