Netflix Will Make A Big Upsurge In Obtaining UK Content ‘CEO’

Netflix will make a
“big upsurge” in its asset in British TV production next year, taking advantage
of the country’s solid story-telling capability, Chief Executive Reed Hastings
said on Friday.

The possibilities the
internet carries for developing entertainment is astonishing, and over the next
several years with all of the enlargement I think we are going to see a very
large increase in how much content is produced here in the UK,” he said at the
RTS TV industry session in Cambridge, England.

This year we spent a
little over 400 million pounds ($502 million) in the UK and that’s constant to
grow following our subscriber base.

Asked if Netflix would spend twice
as much next year, he said: “Probably not double, but a big increase.”