California, May 15: Original content is what is set to keep the millennials interested in the new-age streaming services and Netflix is taking note of that.
Chief Content Officer at Netflix Ted Sarandos estimated 85 percent of the company's total spending is going to new shows and movies, TechCrunch reports.
He also said that Netflix has 470 originals scheduled to premiere through the end of the year. This will bring the total number of originals to around 1,000.
Netflix had reportedly projected that its spending on content will be $7 billion to $8 billion this year.