Netflix to spend over $100 million on first original series, report claims

According to a report from Deadline Hollywood on Tuesday, Netflix will soon close a deal that will result in the entertainment juggernaut’s first original content. In a deal reportedly worth more than $100 million, Netflix is said to have outbid major cable networks including HBO and AMC for a new series produced by David Fincher and starring Kevin Spacey. Netflix is is apparently willing to commit to two seasons of the show, entitled “House of Cards,” which is a political thriller based on a book and British miniseries of the same name. An exclusive deal of this magnitude would bring with it a great deal of exposure, of course, and cable companies would likely be rattled as well. Netflix had roughly 20 million subscribers at the end of 2010, and its numbers are growing quickly.

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