Netflix Focusing On Ownership Rather Than Licensing Of Hit Shows

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Netflix Focusing On Ownership Rather Than Licensing Of Hit Shows

Netflix CEO Reed Hastings is thinking of the future, and similarly to HBO, has plans to own most of the 20 original series that will be introduced on the streaming platform by next year. Hastings confirmed this by claiming that Netflix has long played a creative role in the shows, and now it is “taking on ownership and production.”

How will it benefit Netflix?

Such a step marks a major advancement for the company, which has borrowed rights for shows from other studios, for instance, Sony Pictures, in the past. Even for the House of Cards, which users associate with Netflix, producer Media Rights Capital owns the rights.

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Hastings did not reflect much on the shows that the company is planning to own, but one of the original titles that Netflix has acquired so far is Flaked, says a report from Bloomberg citing an anonymous source.

Actually owning TV shows will considerably benefit the on-dem