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The price increases from 2015 to 2016 were blamed on the rise of streaming technology and increased competition, despite Netflix stating it was not obligated to provide unlimited access to all content.[171] In 2017, the price had increased to $11.99 per month[372] and in 2018, the price increased to $13.99.[373]
In 2016, it was announced that Netflix would not renew their content deals with Epix, IFC, and AMC, leaving them with only about 70% of what they used to have.[374] In March 2018, Netflix announced that they would drop the "Premium" tier that offered channels like HBO, Showtime, and Starz (potentially leaving the market for $20-25 per month), and would instead keep the "Watch Instantly" tier.[375]
In February 2017, Hachette Book Group entered into a multi-year agreement with Netflix to release its books in the Internet television streaming service, expanding their relationship to include children's titles and e-books.
"Netflix's strategy is to mine a new kind of library of content, not original content. We believe that as an individual story is shared on everyone's phones, there is little point in creating a new story." - Reed Hastings, CEO of Netflix.[376] The first three seasons of Friends debuted on the service in December 1999, along with the first episode of the entire series. In February 2000, the release of the fourth season was announced for the service.[377] In March, the release of the fifth season in the first year of the service was announced for the service.[378] In December 2000, the sixth season of the show was released, making the show the longest running series in the company's history.[379]
In March 2006, it was reported that Netflix had officially confirmed the creation of "Netflix Original Series", i.e. TV series that Netflix would independently produce.[380] A month later, the company announced that it would create five original TV series. d2c66b5586