Netflix Film Chief: Building & Buying Big

Netflix is significantly ramping up its film output, releasing seven movies per month, with four major event films planned annually. This includes anticipated projects like Greta Gerwig's "Narnia," set for release this Thanksgiving. Film chief Dan Lin confirmed that the streamer is adopting a dual strategy, heavily investing in in-house productions while remaining an aggressive player in acquiring films at festivals.

Lin emphasized this balanced approach, stating, "We're definitely building movies, so we're not just relying on acquisition." He highlighted attendance at upcoming festivals like Cannes. This strategy reflects Netflix's evolution from its past role as a dominant indie film buyer at Sundance, Cannes, and TIFF, now focusing on both original content and strategic acquisitions.

Notable recent acquisitions include "Emilia Pérez" from Cannes and "Train Dreams" from Sundance, which received an Oscar Best Picture nomination. While quieter at this year's Sundance, Netflix was involved in bidding for "The Invite" and acquired the award-winning documentary short "The Baddest Speech Writer of All." The streaming giant is also acquiring more commercial titles, demonstrating a diverse acquisition strategy.