Netflix is on a recruitment drive – hiring successful producers and writers. The latest to join the streaming giant is Melissa Cobb, who was the Chief Creative Officer of DreamWorks Animation’s Chinese joint venture. She will lead Netflix’s kids and family content team.
She joins a list of many others who have come from Netflix’s rival and partner companies. In fact, as a result of this trend, Netflix is being sued by 21st Century Fox Inc. for poaching employees.
In more positive news for Netflix, it is on a cost cutting spree. Netflix Studios is producing about 75 percent of the company’s new projects. As per Ted Sarandos, Netflix’s Chief Content Officer, this year lineup includes 200 comedies, dramas, stand-up acts, kids’ shows and feature films.
Though it offers a gamut of series and documentaries for streaming, Netflix faces the risk of slow growth in subscribers; it is already present in the entire globe. Not just this, Netflix is rumored to be spending $20 million on a single episode of TV. So cash will be a problem in Netflix’s journey to become the go-to streaming studio.