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Netflix Will Spend $13B For Original Content



After surpassing huge companies such as Disney/Comcast, & becoming the ‘most valuable media company’ (other than AT&T & Verizon) Netflix has just announced that it would increase its budget from $7B to $13B to purchase original content to stream on its platform. Before 2019, the brand will reportedly have ordered approximately 82 original films across its international platforms.

It isn’t all good news though as the popular streaming service  is currently in a $8B sinkhole. However,Netflix is still enjoying substantial gains as a result of strong subscriber growth — which are then immediately sunk into new content.

Source : IndieWire