Netflix changed the way we watch television — but as growth slows and competitors rise, the streaming giant is looking backwards for a way forward.
Netflix changed the way we watch television — but as it faces a critical moment amid plunging subscribers, the streaming giant is hoping to capitalise on the popularity of its most successful shows.Netflix executives say the move is inspired by Walt Disney and Star Wars
When it first launched, Netflix broke Hollywood's rules to create a $82 billion global streaming colossus that the rest of the entertainment industry rushed to copy. The tech company has revealed it is plotting ways to milk more from its bigger shows and movies, with universes and characters that can be returned to again and again, like Mickey Mouse or Star Wars.
"We want to have our version of Star Wars or our version of Harry Potter, and we're working very hard to build that," said Matthew Thunell, the Netflix vice president credited with finding Stranger Things.The franchise strategy comes at a critical moment, following two rounds of lay-offs amid subscriber losses.Plans to give more shows the 'Stranger Things treatment'
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Volodymyr Zelenskiy appoints new spy chief after Russian infiltrationUkrainian president names senior security official as acting head amid rumours of splits in inner circle
Read more »
Zelenskiy fires Ukraine’s spy chief and top state prosecutorSBU’s Ivan Bakanov and war crimes prosecutor Iryna Venediktova sacked after their officials found to be collaborating with Russia
Read more »
The sauciest show on TV: Netflix’s latest offering will transform your sex lifeA new Netflix show combines your two main interests: sex and interior design
Read more »
Sydney councils criticised for shunning e-scooter trialResidents and tourists in Sydney's CBD and inner-city suburbs will have to wait for e-scooters to be available as trials are launched in other areas of NSW.
Read more »
Council says ‘no choice’ but to keep approving pokies in city, urges changeA proposed planning amendment aimed at reducing pokies in Melbourne’s city centre has been sitting on the former planning minister’s desk for three years, stalling the long-sought reforms.
Read more »
EU foreign ministers weigh up ban on Russian gold importsBloc lines up latest sanctions amid divisions over their effectiveness at curbing Moscow’s war machine
Read more »