Netflix Aims to have 700 Total Series, Movies in 2018

CFO David Wells spoke at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday saying that Netflix will have nearly 700 series and movies, in total, in 2018. This is made possible by Netflix spending $8 billion in 2018 alone on content. Wells believes that by having a large content base, the subscriber base will also increase.

Opinion: While Netflix's approach will drive early growth, sustaining your numbers will become difficult with this approach. Netflix's people are definitely smarter than I am so they no doubt know that they will have to switch their approach at some point to be quality-first instead of quantity first.