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

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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.”

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