Netflix is creating a 'competitive advantage' by adding 700 new and original shows this year (NFLX)

Netflix will have roughly 700 new and original TV shows in 2018, the company's chief financial officer announced at a conference. 
It is expected to spend some $8 billion this year, mainly on original content.
Netflix is one of the best performing stocks this year.
Netflix is set to add roughly 700 new original television shows in 2018, Variety's Todd Spangler reports, citing an announcement by CFO David Wells at the Morgan Stanley Technology, Media & Telecom Conference on Monday.&