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Netflix exec says 85 p.c of recent spending will go in direction of unique content material

In case you had any doubts that unique content material is an enormous precedence at Netflix, Chief Content material Officer Ted Sarandos estima...

 

In case you had any doubts that unique content material is an enormous precedence at Netflix, Chief Content material Officer Ted Sarandos estimated that 85 p.c of the corporate’s whole spending goes to new reveals and films.

That’s in keeping with Selection, which reported on Sarandos’ remarks immediately at MoffettNathanson’s Media & Communications Summit 2018 in New York. He additionally mentioned Netflix has a 470 originals scheduled to premiere between now and the top of the 12 months, bringing the entire as much as round 1,000.

It’s most likely not stunning that the service is prioritizing originals. In spite of everything, Netflix appears to be highlighting a brand new unique each time I open it up, and opponents like Apple, Amazon and Hulu are ramping up their very own spending.

However the depth of Netflix’s library, which is achieved by licensing content material from others, has at all times appeared like a power — the truth is, a current research discovered that licensed content material generates 80 p.c of Netflix viewing in the US.

A part of the context right here is that most of the studios which have offered their content material to Netflix previously at the moment are both saving it for their very own streaming providers or seeking to elevate the costs.

And whereas motion pictures account for one-third of viewing on Netflix, Sarandos pointed to new, massive price range titles as one space the place it not is sensible for the streaming service to spend a ton of cash — as a result of when you actually wish to catch the newest blockbuster, you most likely already noticed it in theaters.

“We mentioned, possibly we are able to put the billion we’d put in an output deal into unique movies,” he mentioned.

Sarandos additionally sees a possibility to develop extra unscripted content material like Queer Eye, and to signal massive offers with high-profile showrunners like Shonda Rhimes and Ryan Murphy.

Netflix had beforehand projected that it could spend $ 7 billion to $ eight billion on content material this 12 months. And simply immediately, Netflix introduced that it’s renewing Misplaced in House for a second season (we have been followers of season one) and picked up 10 After Midnight, a horror anthology sequence from Form of Water director Guillermo del Toro.

BMW shifts focus towards harnessing technology

 

BMW shifts focus towards harnessing technology

The emergence of competitors such as ride sharing company Uber [UBER.UL] and technology group alphabet which has developed its own self-drive car, BMW has been asked to reconsider its traditional strategy of selling a large powerful luxury cars .

“We lead the BMW Group into a new era,” Chief Executive Harald Krueger told journalists on year RESULTS BMW’s press conference.

“For this purpose use our innovative technology, extensive connectivity and mobility zero emissions. All these have industrialized, taking into account our business responsibilities, and in a sustainable way, which is another great challenge in itself , “he added.

BMW Group aims to push through a preloaded margin of at least 10 percent from 2017 to 2020 digital connectivity, autonomous cars and the development of companies including motorcycles.

Shares of BMW rose 3.7 percent to € 82.48 by 0937 GMT, patting a 2.1 percent rise in the STOXX Europe auto index <.SXAP>.

New technology has created opportunities for the automotive industry, making the Bavarian car manufacturer to develop its activities as mechanical engineering to software and technology company.

“The value creation is shifting the actual hardware to software and services,” the Krueger.

BMW said it will focus on the development of the business of high-definition digital maps, sensor technology, cloud technology and artificial intelligence.

BMW will also printing services, including the provision of wall mounted electric car charging boxes and software programs to help managers find a parking lot with his ParkNow and ChargeNow services.

Furthermore, it will try to maintain the high profitability of its car business by promoting the number of high-margin luxury vehicles like the 7-series, and the broadening of the range of M Performance branded cars .

at the same time, BMW is looking to streamline the portfolio of cars to concentrate on the most profitable models.

Chief “We will take a hard look at both versions and equipment options, take” said and explained Financial Officer Friedrich Eichiner that it helps to reduce complexity in the development, production and aftersales. Mini has reduced the size of its models to five, cutting three variants.

This new simpler production method will help achieve savings of more than € 100 million in the coming years, BMW said.

(Reporting by Edward Taylor; Editing by Maria Sheahan and Keith Weir)