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from the and-I-thought-a-night-out-at-the-movies-was-expensive dept.
Netflix burns cash at a record pace, but investors love it
In its third quarter earnings statement on Tuesday, the company reported negative free cash flow of $859 million, the biggest figure in its history. Netflix continues to increase spending on original content as it seeks to compete with other players like Hulu, HBO and planned streaming services like Disney's, scheduled for next year. Netflix will reportedly spend at least $8 billion on content in 2018.
It would be a shame if someone were to pirate or illicitly stream that content.
Netflix has criticized the EU's local content quotas:
Netflix used its third quarter earnings report to criticize the European Union over a new content quota for streaming services. The EU, writes Netflix CEO Reed Hastings in the report, is "currently rewriting its audio visual rules" that will demand streaming services like Netflix "devote a minimum of 30 percent of their catalog to European works." Netflix's report acknowledged that catering to a specific audience encouraged more regional original programming for international audiences, but suggested that enforcing quotas on a streaming service could have unwanted negative effects.
Netflix is already set to spend $1 billion on European content this year.
Also at MarketWatch.
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(Score: 2) by Freeman on Thursday October 18 2018, @04:15PM
That's not necessarily up to Netflix, but the studios who own the content they are licensing. Not that I know what Netflix's position is/would be, if they had the choice. So long as they're afraid of "pirating," there will be geoblocking. Also, certain things are legal in some countries and not others.
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"