Why has Tarantino turned The Hateful Eight into a Netflix miniseries?

In a surprise drop, the director’s snowy mystery has arrived on the streaming platform as a four-part series with a new, longer running time

A chill was felt on the strange, slightly obsessive corner of social media known as film Twitter. First a breeze, then a blizzard’s howl. Netflix had taken Quentin Tarantino’s The Hateful Eight and done something to it. It was now a TV show? With episodes? No, wait! It’s a new version with over 40 minutes of new material? Heads exploded like Channing Tatum’s at the end of the gruesome (but strangely hilarious) post-civil war western. What is going on?

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Source: theguardian
Why has Tarantino turned The Hateful Eight into a Netflix miniseries?