NETFLIX PLANS TO SPEND $ 17 BILLION FOR CONTENT IN 2020
Netflix streaming service plans to spend about $ 17.3 billion for content creation in 2020.
In 2019, the company spent $ 15.3 billion for content. Netflix spendings are expected to rise to $ 26 billion by 2028. Experts believe that most of the money Netflix will spend on producing original shows.
At present, Netflix’s cost of creating original content is higher than its competitors. So, in 2020, Disney plans to spend about $ 1 billion on its own Disney + shows, and WarnerMedia will invest no more than $ 2 billion in content for the NBO in 2020.