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[two years ago] Netflix had 49 of the Top 250 movies on the IMDB list. That's just under 20 percent, which isn't terrible.
But we wondered how that number has held up over the last two years in the face of a quickly shrinking library. So we reran the analysis. How many of the top 250 movies does Netflix now have?
As of September 2016, that number has dropped to 31, or about 12 percent.
...
Earlier this year, David Wells, the streaming company's chief financial officer, said Netflix wants half of its content to be original productions over the next few years."We've been on a multiyear transition and evolution toward more of our own content," Wells said in a conference call in September, as reported by Variety.
Does carrying old movies and TV series really matter in a world that has already seen all of them dozens of times?
(Score: 4, Insightful) by Anonymous Coward on Thursday October 13 2016, @10:03AM
No.
While I also would prefer to have ALL content, old and new and even some non-mainstream, cult content, the new stuff is what makes the world go around, and some of it is what your kids will be calling old and great in a few years. It is not a possibility, it is a reality there is good stuff coming out right now and if someone doesn't notice it they're being hypocritical (harsh word but it's not as offensive as some might think). Old stuff was new stuff back in the day and seems cool to us millennials, but without financial incentives back in the day (which Netflix now also is a part of), they would have never come to be. If you force yourself to only like old stuff (because that's just fake feelings - actual non-hipster people can see beauty in any and all art because art is timeless, even though it is sometimes classified with periods of time).
Netflix and Amazon are producing great (tv-)shows but they have yet to produce big "blockbusters", at least in what IMDB-scores respects. But I guess that might be part of the problem: if a movie doesn't get theatrical release it won't get critical acclaim. And, newsflash, that is exactly why Netflix is moving on to releasing self-produced short and feature film in actual theaters.
(Score: 2) by everdred on Friday October 14 2016, @05:02AM
You're right, but waiting a little while after release, to let other people do the work of separating the truly good stuff from the merely hyped, is a legitimate strategy.