"We understand that our approach to films - debuting movies on Netflix first - is counter to Hollywood’s century-old windowing tradition," Netflix said in its earnings report Monday. Netflix produced 16 films in 2016, less than half of what it says it'll make this year. Netflix's 2015 film, "Beasts of No Nation," debuted in some theaters as well as living rooms at the same time. "There is a war in Hollywood right now and the war is the Netflix model versus the Hollywood model," said Ross Gerber, president and chief executive of Gerber Kawasaki, a wealth and investment management firm based in Santa Monica. But Netflix’s efforts to draw in new customers through an ever-expanding library of original movies and television shows has come at a steep cost.

Source: Washington Post July 18, 2017 22:50 UTC