Netflix To Create More Original Shows; How Is This Move Risky?

American video streaming company Netflix is working on its more steps closer to become a movie studio company, with plans to shoot and produce more original content without relying on other media and film companies.

According to New Zealand Herald, the company is considering plans to film Chelsea Handler's new talk show in Hollywood, even leasing a space last month as noted by a source who asked to keep his identity a secret since Netflix have no announcements made in public. The source also revealed that Netflix is behind the two comedy series that launched on their website earlier this year - Flaked which stars Will Arnett, and Lady Dynamite which features Maria Bamford.

Previously, Netflix CEO David Wells said that there are more benefits for the company's gain if they will continue to make its own shows. A report from Learn Bonds also adds that if there is a great reach across the world and the shows can be distributed then it will be consumed and enjoyed by everyone, everywhere.

However, despite good intentions to create more Netflix exclusive content, it's also no doubt that the move is riskier in terms of financial gain over acquiring series titles from third-party studio companies. For one thing, coming up with a budget to produce and shoot programs is not easy, but it could also mean that Netflix will get more control and ownership over its distribution.

While creative rights of its original series such as "Orange is the New Black" and "Daredevil" are currently owned by other companies, as soon as the licensing will expire from these programs could simply mean that they can be made available to other competing networks. The former is owned by Lions Gate Entertainment while the latter belongs to Marvel Studios under Walt Disney Co.

Netflix also acquired a space in Hollywood to further solidify its plans on creating more original shows. The property, which is owned by Hudson Pacific Properties, will be designed later on with the company to move in on early 2017.