The name of the biggest monster eroding Hollywood is "Netflix"

ByJoanna Poe

Mr. Tara Flynn, who served as vice president at 21st Century Fox TV program production "Fox 21 TV Studios", decided to transfer to Netflix in September 2016. As a result, 21st Century Fox filed a lawsuit against Netflix as "I violated an employment contract illegally pulled out two executives." Bert Salke, top of Fox 21 TV Studios, says "Netflix isUnfriendly enemyIt is comment. In contrast, Netflix claims that "Fox's contract is illegal and unenforceable". Confrontation is occurring between Hollywood, the headquarters of the existing video industry, and Netflix, who began to show off his head, mainly in this matter.

Enemy number one is Netflix: The monster that's eating Hollywood | Business Standard News
http://www.business-standard.com/article/international/enemy-number-one-is-netflix-the-monster-that-s-eating-hollywood-117032600023_1.html


Besides 21st Century Fox and Netflix, existing TV industry and video streaming industry are getting closer together. Netflix focuses on the creation of original content, and in 2017 it has already produced over 70 episodes of large-scale entertainment programs. It is said that the tension between Netflix and Hollywood is rising as the original contents of the streaming industry compete with the existing television industry with facilities and human resources.

The expenditure that Netflix paid for the creation of original content, etc. already exceeds 6 billion dollars (about 666.44 billion yen) only in 2017. This amount isTime · WarnerAbout twice, HBO ·FX·ShowtimeIt is about 5 times as high as that. In terms of unit price, Netflix is ​​"The Crown"I spend $ 10 million (about 1.1 billion yen) on season 1 alone.

The Crown | Official Trailer [HD] | Netflix - YouTube


The salary of a TV star actor has already soared to nearly 250 thousand dollars (about 27.55 million yen) by only one season (1 episode), which is about the same as a movie star. Although the existing TV industry originally had the relation that the financial longevity of the produced program extended by letting the video streaming industry broadcast the program under license agreement, the original contents of Netflix was changed to the television industry It is a direct competition of.

Also, not only 21st Century Fox but also executive class talent such as NBC Universal Television, Sony, Walt Disney etc are moving to Netflix. While the cost from actors to camera crews is rising due to the influence of Netflix, the existing television industry also shows the move to create new programs by appointing new writers, Instagram stars, YouTube stars and others. It is Netflix which keeps advancing hard, but there seems to be skeptical voice from executives of television industry and part of Wall Street Street whether Netflix can endure rapid expenditure pace.