Netflix produced 16 films in 2016. Some experts doubt that consumers will be quick to give up the century old tradition of watching movies in theaters.
July 18, 2017
‘Known for its hit shows like “House of Cards” and “Orange is the New Black,” and inspiring a new way of watching television, the streaming giant Netflix is making a more aggressive play in the film industry with a goal to release 40 feature films by the end of the year.
Netflix’s bold foray into movie-making and directly-to-couch distribution is an explicit challenge to the traditional Hollywood model, analysts say, although it remains unclear if a company propelled by binge-watching TV at home can alter the future of going to the movies.’