Netflix planning to release 80 new movies in 2018

Dianna Christensen
October 18, 2017

When asked about potential content cost inflation from the changing focus, Sarandos said to compare content costs to professional sports: "It gets very competitive for a handful of folks, those big unicorn shows". Revenues rose 30.3%, to $2.98 billion, and Netflix expects to pull in $3.27 billion in the 4th quarter of 2017. The higher prices are likely to increase Netflix's revenue by about $650 million next year, RBC Capital Markets analyst Mark Mahaney predicted.

Disney's decision to pull its content from Netflix starting in 2019 caused a bit of a panic among Netflix investors, but Netflix CEO Reed Hastings said the company doesn't need Disney's content to keep fueling its worldwide growth. In intraday trading on the stock market today, Netflix notched a record high of 204.38.

The lead player in the fast-growing internet television sector extended its lead over the third quarter by racking up an additional 5.3 million subscribers globally, well in excess of Wall Street analysts' predictions of 4.5 million and boding well for Netflix's target of an additional 6.3 million subscribers in the current quarter. And Netflix certainly has the revenue and income to enter the otherwise prohibitive world of film production, sitting on around $2 billion in cash on hand and planning to spend in the neighborhood of $7 and $8 billion in 2018 on content production. This showed a surprise of -9.4% in the last quarter earnings. Institutional investors own 81.02% of the company's stock.

Following on from the second-quarter partnership with SFR/Altice in France, it also announced a new partnership with T-Mobile US which includes the bundling of Netflix into its ONE family plan. Finally, Stephens Inc. AR increased its position in Netflix by 12.4% during the first quarter.

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Earlier this month, Netflix announced that it would raise its monthly subscription prices.

But the price increases could backfire if it provokes an unusually high number of subscribers to cancel, something Netflix faced when it raised rates in the past. "The Irishman" has a budget of more $100 million.

Netflix has long argued its borrowing makes sense to gain a huge advantage over rivals as people increasingly watch programming on internet-connected devices. The company's stock had a trading volume of 14,987,140 shares. Plus, management points out that its total debt is small compared with its market value of almost $90 billion.

But that would be more hard to do if Netflix's stock price plummets amid concerns about its debt. For the moment, the majority of analysts seem relaxed on the expected bump in content spending for the company in 2018 to a range of $7B to $8B.

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