Netflix has announced a major restructuring of its film divisions with a new strategy to focus on producing fewer but higher-quality original movies. According to sources, the move is part of Netflix's plan to become a major player in the movie industry, with the streaming giant aiming to produce more hit films to compete with traditional studios.
The restructuring involves consolidating Netflix's film divisions into one single unit, with executives overseeing all aspects of movie production, including development, production, and post-production. The move is aimed at improving communication and streamlining the process to ensure that the company is producing better-quality movies.
Netflix's Chief Content Officer, Ted Sarandos, has emphasized that the company is not reducing its output but rather changing its approach to focus on quality over quantity. He said that Netflix wants to produce "a smaller number of incredibly high-quality movies that are talked about for a long time."
This new approach is not entirely unexpected, as Netflix has been vocal about wanting to be recognized as a serious player in the movie industry. The company has already produced several critically acclaimed films, including "Roma," "The Irishman," and "Marriage Story."
This move to focus on producing fewer but higher-quality movies is a strategic one for Netflix, as it seeks to solidify its position in the movie industry and win over more audiences. By producing hit movies that generate buzz and critical acclaim, Netflix hopes to draw in more subscribers and further establish itself as a major player in the entertainment industry.
