These are the best horror movies on Netflix in May 2018

Netflix chief content officer Ted Sarandos. Image from Twitter/@sarcastard1

Netflix is directing around 85 percent of new spending to original TV shows, films and other productions, writes online publication Variety.com citing chief content officer Ted Sarandos.

Variety is reporting nearly 500 of those original shows and movies - 470 to be exact - will be released on Netflix between the date of publishing (Mid-May) through the end of 2018.

Six original shows are in production in India, with its adaptation of the Vikram Chandra novel Sacred Games, starring Saif Ali Khan, Nawazuddin Siddiqui and Radhika Apte set to be the first to stream on 6 July.

Netflix has brought some pretty spectacular original shows into our lives, and from the looks of their new spending, they're only going to create more unbelievable original content.

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"The creators we're talking to, they watch Netflix and they want to be on our network", Ted said, Via NY Post.

Differentiating its local original content from that of local broadcasters will help Netflix succeed in what he termed "a television starved market", speaking at the MoffettNathanson Annual Media & Communications Summit in NY.

Netflix is producing, acquiring and plans to release 80 films this year ranging from "sub-million dollar titles" to "US$100 million-plus blockbusters", said Sarandos.

Discussing the balance of watch-time between different types of content on Netflix, Sarandos said that up to 40% of viewing on domestic U.S. television is for unscripted programming, compared to just 7% on Netflix - giving the SVOD giant space to grow in this area. Sarandos said the company has no current plans to go into live TV programming.

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