The Morning After: Netflix plans to make fewer, better movies

Netflix released at least one movie a week over the past two years – I challenge you to name them all! According to Bloomberg, the streaming giant is restructuring its movie division and releasing fewer movies overall. Despite the sheer number of titles Netflix previously released, only a few had won accolades, attained significant hours of streaming, or had the kind of cultural impact some of the biggest blockbusters had achieved. Netflix ramped up its film development after studios started building their own streaming services instead of licensing their movies to the company. This restructuring will combine the team working on small projects with a budget of $30 million or less and the unit that produces mid-budget films that cost $30 million to $80 million.