Streaming service Netflix plans to spend upwards of $6 billion on its own original programming in 2017, a billion more than it spent in 2016, in what it hopes will produce a further 1,000 hours of new, exclusive shows for people. That, it?s believed, will help drive it over the 100 million subscriber mark.
As 2016 drew to a close Netflix?s subscriber count rose to 93.8 million, with an impressive seven million of those showing up in the last three months alone. This helped it pull in more than $8.8 billion, leading to an overall profit or around ?186 million.
Much of that revenue, profit and those new subscribers, came about because of Netflix?s original content. While it dropped a number of movies from its digital shelves over the past year, it introduced a bevy of new popular shows. Programs like Stranger Things became cultural phenomenons, while others like the remake of the Gilmore Girls and Crown, have proved exceedingly popular too.
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