Netflix has lots of original movies planned for 2018


Now comes word that the streaming giant has since upped the ante and is willing to spend upwards of $8 billion for content next year.

The company announced 29 cents per share in earnings on $2.98 billion in revenue while analyst were looking for $2.97 billion.

Netflix dropped a cool $6 billion on content in 2017 alone and is planning to shell out a whopping $8 billion next year, $1 billion more than previously planned. Today Netflix announced their 3rd quarter 2017 results and announced that they added 5.3 million total streaming subscribers.

With such a valuable stock, Netflix theoretically could sell more shares to raise money — similar to how homeowners sometimes use the equity accrued in their houses to pay big bills.

A recent report from analyst CCS Insight found that 16 million VR and AR devices will be shipped in 2017, up 47% year-on-year, but this will increase to nearly 100 million devices over the next five years.

As always, subscriber numbers are closely watched and globally, the service added 5.3 mln subscribers, compared to Wall Street's estimate of 4.5 million. M Partners maintained Netflix, Inc. $16.00 million worth of Netflix, Inc. 2,000 Netflix, Inc. (NASDAQ:NFLX) shares with value of $326,940 were sold by BARTON RICHARD N. 6,167 shares valued at $969,144 were sold by Peters Gregory K on Monday, May 1.

Wedbush Securities analyst Michael Pachter said investors need to consider Netflix's "cringe-worthy cash burn" and growing competition. (The) set a $175.00 target price on shares of Netflix and gave the company a buy rating in a report on Wednesday, June 28th.

It was worldwide revenues that made the greatest contribution, though Netflix under-estimated the growth in both domestic and global markets. "While we have multiyear deals in place preventing any sudden reduction in content licensing, the long-term trends are clear".

If that happens, there will be more attention on Netflix's huge programming bills, and "then we could see an investor backlash", CFRA Research analyst Tuna Amobi says. Rivals include ( AMZN ), Hulu and CBS ( CBS ) now and soon Apple (AAPL) and Disney will join the fray.

- Netflix expects to release around 80 original films next year, as it looks to hit the kind of scale in movies that it's achieved on the TV side, according to chief content officer Ted Sarandos, Variety reveals. "It's a big-budget event movie" that will show people the potential for Netflix's original movie initiative.

Last quarter, Netflix released three movies that would have been "sizable successes" at movie theaters if they had been released theatrically: "Death Note", "Naked" and "To the Bone", he said.

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