Netflix looks to commission original movies

Billy Langsworthy

By Billy Langsworthy

October 23rd 2013 at 10:47AM
Netflix looks to commission original movies

CFO David Wells says the company is on the lookout for a range of movies spanning different genres

After a wave of successful original shows, Netflix is now talking to producers about commissioning movies for the online network, reports Screen.

In a Q3 earnings review, CFO David Wells stated that alongside documentaries, the company is on the lookout for a range of movies spanning different genres.

“On the movie side, I would keep my mind wide open to what those films would be and what they would look like," said Netflix chief financial officer David Wells.

"The driver of it is like we are able to kind of break convention on television by operating all episodes at once and we’re hoping to do more of that in the movie space.”

“Today we are kind of held to the traditional pay model meaning the movies are not coming to Netflix until they hit pay television almost a year after they are in theatres.

"Even through that window is moving, I don’t know if it moving aggressive enough. So I think that the more we [are] aggressive with windowing by taking more control over the content earlier in the process, that would be good for our members."

Netflix has also enjoyed a net rise in international members of 1.4m for the third quarter, meaning the number of global members now stands at over 40 million.