Netflix Cuts Back on Original Programming Amid Strikes and Strategic Shift

Despite a 16% decline in new releases in 2023, the streaming giant added over 16 million customers in the first nine months of the year.

Netflix released about 130 fewer original programs last year, marking a 16% decline compared to 2022.
The writers and actors strikes are partly to blame, as well as a strategy shift by Netflix.
The final quarter of the year witnessed the lightest slate of new releases in five years, encompassing movies, TV shows, documentaries and stand-up specials.
Netflix has articulated a strategic shift to produce fewer, but, hopefully, higher-quality projects.
Despite the reduction in output, Netflix’s business remains robust. The company added over 16 million customers in the first nine months of 2023.