Netflix is finally planning to own its original shows, not just license them

netflix to own original series house of cards
While Netflix may be known for its original series House of Cards and Orange is the New Black, the on-demand streaming video juggernaut doesn’t own these series. Yet.

In a recent Bloomberg Business report, Netflix CEO Reed Hastings said the service will prioritize ownership of its original content. It’s the next logistical step for the service that will launch 20 original series per year beginning this year.

“We’ve continued to expand our creative role on the shows,” said Hastings to Bloomberg Business. “Now we’re taking on ownership and production.”

In the past, Netflix has only licensed programs from studios. For instance, producer Media Rights Capital (Babel, Ted, Bruno) owns the rights to House of Cards. Lionsgate TV (Mad Men, Weeds), the producer of Orange is the New Black, owns the rights to the show along with Tilted Productions.

Owning rather than licensing a TV series gives Netflix exclusive rights to the show. Currently, as Bloomberg notes, House of Cards can also be bought on Amazon.com and seen on Sky Deutschland in Germany. In theory, Media Rights Capital could even sell the exclusive rights of House of Cards to a different, higher-bidding distributor. According to the Bloomberg report, Neflix currently only pays about half of what it normally would to produce a show when it licenses original content.

As Netflix broadens its goals as a streaming video platform and develops more original content, content ownership will be key. While ownership comes with a cost, it can lead to additional revenue streams from DVD sales and licensing rights. For the rapidly growing company, which has signed up 4.9 million subscribers so far this year, it only makes sense for them to further invest in its shows.

The Bloomberg report mentions Flaked, starring Will Arnett, as the first confirmed upcoming Netflix original series that the service plans to own.

Movies & TV

‘Sopranos’ prequel ‘The Many Saints of Newark’ adds ‘The Punisher’ star

The upcoming movie The Many Saints of Newark, based on HBO's hit series The Sopranos, will serve as a prequel to the show. It will focus on Tony Soprano as a boy, as well as the race riots that rocked Newark in 1967.
Home Theater

What’s new on Amazon Prime Video (February 2019)

Amazon Prime Video adds new titles each month that are available for free to all Prime members. Check out our list to find all the content hitting Amazon Prime Video in January and February, from new original series to classic films.
Movies & TV

Here's everything we know about 'John Wick: Chapter 3 -- Parabellum'

John Wick: Chapter 3 -- Parabellum, the third installment of the wildly successful action series that stars Keanu Reeves as a deadly assassin forced out of retirement, hits theaters in May 2019. Here's everything we know about it so far.
Movies & TV

Amazon launches IMDb Freedive, an ad-supported streaming service

IMDb, the information-rich film and TV website, launched a free, ad-supported, streaming video channel in the U.S. this week. IMDb Freedive offers a television series and feature films on the IMDb website and on Fire TV devices.
Gaming

Break out the Wii: ‘Just Dance’ movie reportedly in the works

Sony's Screen Gems has reportedly acquired the film rights to the Just Dance video game series from Ubisoft, which previously helped bring the game Assassin's Creed to the big screen in 2016.
Movies & TV

Apple’s first original feature film reunites Bill Murray, Sofia Coppola

The Lost in Translation team of Sofia Coppola and Bill Murray will reunite with their A Very Murray Christmas collaborator Rashida Jones for On the Rocks, Apple and studio A24's first official feature together.
Movies & TV

You can get a screaming deal on LG OLED TVs just in time for the Super Bowl

LG is offering steep discounts on its critically acclaimed OLED TV models just in time for the Super Bowl, letting discerning viewers watch their favorite athletes with higher picture quality than ever.
Movies & TV

Jason Reitman’s ‘Ghostbusters’ sequel already has a creepy teaser trailer

Jason Reitman, son of Ghostbusters director Ivan Reitman, has secretly co-written a follow-up to the 1984 supernatural comedy. Filming begins this summer, but it's not clear if the original Ghostbusters will reprise their roles.
Movies & TV

From premiere date to footage: Here's all we have on 'Game of Thrones' season 8

With the eighth and final season looming, Game of Thrones fever has officially become a pandemic. Our list of all the relevant news and rumors will help make the wait more bearable, if you don't mind spoilers.
Movies & TV

Netflix recruits Steve Carell for the Trump-inspired comedy ‘Space Force’

Steve Carell, Netflix, and The Office showrunner Greg Daniels are teaming up for Space Force, a workplace comedy poking fun at the Trump White House's plans to establish a sixth branch of the U.S. military.
Home Theater

Cutting the cord? Let us help you find the best service for live TV streaming

There's a long list of live TV streaming services available to help you cut the cord and replace your traditional TV subscription. Each is different in important ways, and this guide will help you find the best one for you.
Movies & TV

New trailer for 'The Punisher' season 2 teases a bloody showdown

The Punisher is getting a second season on Netflix, with Jon Bernthal returning to play Marvel Comics' gun-toting antihero Frank Castle. Here's everything we know about season 2 of The Punisher so far.
Movies & TV

The ‘John Wick: Chapter 3 – Parabellum’ trailer has finally arrived

Lionsgate has released the first, full-length trailer for John Wick: Chapter 3 - Parabellum, the third installment of the action franchise that casts Keanu Reeves as the world's greatest assassin.
Gaming

For Netflix, ‘Fortnite’ on YouTube is a bigger threat than HBO

In a letter to shareholders, Netflix explained that it views the video game Fortnite as bigger competition than HBO, with YouTube videos of the game drawing viewers away from the streaming platform.