NETFLIX TO LAUNCH 40 NEW ANIME SHOWS
Move is part of a push for original content to appeal to audiences in Asia
NETFLIX will almost double its number of Japanese-style anime releases this year, stepping up its fight against AT&T Inc and Sony Corp for original content that appeals to Asian viewers.
The world’s largest paid streaming service will launch 40 new anime titles this year, it said in a statement Saturday during a virtual animation expo from Japan, where half of Netflix’s five million subscribing households watch an average of five hours of the shows each month.
The move is part of a push for original content to appeal to audiences in Asia, one of the world’s fastest-growing streaming markets, as its home market of North America reaches saturation point.
Following the success of anime movie Demon Slayer , — last year ’s fourth highest-grossing film globally and Japan’s bestselling title ever — entertainment companies are increasingly vying for a slice of the US$23 billion industry.
“We want to be able to pride ourselves as being the top entertainment destination with good quality content,” Taiki Sakurai, Netflix’s chief anime producer, said in an interview. “The growth of our business is directly connected to the growth of our anime.”
Adding customers in Asia is also crucial if Netflix is to sustain its recent growth amid increasing competition in the region from rivals such as Disney+ and Amazon Prime, which are also spending more on producing content.
“One of Netflix’s biggest advantages over its competitors is generating local, original content based on its extensive user data,” said Pooh Chuang, an analyst at Taiwan-based President Capital Management Corp. “Doubling down on original anime will help this localisation campaign and strengthen its users’ attachment to Netflix.”
Global viewing of anime shows has been rising about 50 per cent a year, Sakurai said. Half of Netflix’s 200 million global subscribers watched at least one anime show in recent months, he said. When Sakurai joined the company four years ago he was the only employee working on anime. The team has now expanded to 12 members, demonstrating the firm’s dedication to the format, he said.