Binge-watchers rejoice: Netflix is moving full steam ahead with original shows, movies and specials in 2016.

At CES 2016, Netflix, already a ubiquitous presence in about half of all U.S. homes, said it would invest in more than 600 hours of original shows and movies, including some with high dynamic range (HDR), this year. HDR is big news at CES because it promises to boost a TV's contrast and colors to produce an extra-vibrant picture.

Netflix also said it's expanding to 130 countries.

Given the popularity and critical acclaim shows like "House of Cards," "Daredevil", and "Narcos" and have garnered, the news—delivered during the company’s CES 2016 keynote presentation by CEO Reed Hastings and content chief Ted Sarandos—wasn’t surprising.

The company said that in 2016, it plans to release 31 new and returning original series—up from 16 in 2015—plus two-dozen original feature films and documentaries, a variety of stand-up comedy specials, and 30 original kids' series

There are also compelling business reasons for Netflix to ramp up its roster of original programming. One is that exclusive, original content gives people a reason to subscribe to Netflix rather than a competitive subscription service, such as Amazon. But another is that increasingly, Netflix's business is global, and Hollywood studios tend to sell rights regionally. Netflix can distribute its original programming anywhere in the world it operates without complex, and costly, negotiations for each separate territory.

During their CES presentation, the executives touted what they consider to be Netflix's superiority to traditional pay TV providers, stating Internet-based delivery lets them reach consumers wherever they are, and on a variety of devices beyond the TV screen. That, combined with a potential global audience, allows them take more risks and produce a diverse range of content.

Neither Netflix executive went into much detail about specific titles, or exactly how much content with HDR would be available beyond the already announced "Marco Polo" series.