There is no doubt that Netflix ( NASDAQ: NFLX ) has become the leading provider of streaming services including he was the pioneer. The company had around 214 million subscribers to end the third quarter, adding millions more with each successive quarter.
However, Netflix has never been content to rest on its laurels and aim for much greener pastures. Several recent developments suggest that Netflix is using a central of Walt Disney ( NYSE: DIS ) as an example of what it can become et is developing in a way that could eventually make it a direct competitor to the House of the Mouse.
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An interesting acquisition
Reports this week announced that Netflix would acquire Scanline VFX, a special effects workshop that had a hand in the production of several original Netflix shows. The company offers award-winning visual effects and is "known for its stunning visuals, as well as complex photorealistic effects in virtual production," according to Deadline.
While the company isn't a household name, it has worked on an impressive lineup of high-end productions, including HBO's Game of Thrones and Zack Snyder 's Justice League, both for studios under the AT&T umbrella. This is just the start of Scanline VFX's long credit list, which also includes a plethora of Marvel tent movies such as Black Widow, Black Panther, Captain Marvel, Captain America: The Winter Soldier, and more.
Scanline VFX has also done extensive work on a number of Net Originalsflix, including Blood Red Sky, Slumberland, The Gray Man em>, The Adam Project, Cowboy Bebop, as well as the upcoming third and fourth season of his hit show Stranger Things.
While this may seem like a somewhat minor acquisition, it is simply the latest in a series of offers that indicate Netflix's ultimate goal. of the Disney cloning itself.
The studios, theaters and content, oh my god!
In 2018, the streaming giant announced plans to acquire ABQ Studios in Albuquerque, au New Mexico. The production studio offers nine sound sets totaling over 170,000 square feet and will help Netflix generate up to $ 1 billion in productions over the next 10 years. ABQ was known as the filming location for a number of top productions, including Logan, Preacher, Better Call Saul, and Marvel 's Avengers. The studio is now in the process of becominga major production hub for Netflix original movies and TV series.
Earlier last year, Netflix struck a deal to acquire iconic Grauman 's Egyptian from Hollywood. Theater, in a deal that raised more than a few eyebrows. The buyout was a milestone in the company 's efforts to be taken seriously by Hollywood executives. It also provides a venue for Netflix to showcase some of its highest rates which must have a theatrical release to qualify for major movie awards.
Image source: Images.
Just last month, Netflix grabbed the headlines when the company made the biggest acquisition in its history, by buying Roald Dahl Story Co., in a deal valued at more than $ 700 million. The move gave Netflix control over a treasure trove of intellectual property and beloved characters, including Charlie and the Chocolate Factory (aka Willy Wonka), Matilda, The BFG, Fantastic Mr. Fox, James and the Giant Peach, and more.
Netflix once asked director TaOscar winner ika Waititi to adapt a series based on the world of Charlie and the Chocolate Factory. Waititi is known for films such as JoJo Rabbit, What We Do In the Shadows, Thor: Ragnarok, and Avengers: Endgame.
A model emerges
Di sney is unmatched in terms of production capacity. The company marked a major blow over a six-year
Neither should no longer deny the influence of Disney in Hollywood. or its ability to market its content to sell movie tickets, consumer goods, theme park tickets and latest streaming video subions . Netflix doesn 't have theme parks yete, but has all the other pieces in place as the company expands its empire.
Netflix co-CEO Ted Sarandos said, “The goal is to become HBO faster. that HBO can become us. "There is no doubt that the company has achieved this goal and more.
If its recent moves are indicated ion, Netflix is now aiming to become Disney.