Netflix Is Expected to Spend $15 Billion on Content This Year
By Rob Scott
January 22, 2019
January 22, 2019
Netflix is continuing to invest heavily in content for its popular streaming service. According to its 2018 fourth quarter earnings report, the company spent $8.9 billion in 2017 and $12.04 billion last year. Wall Street analysts predict Netflix will increase its spending around 25 percent in 2019, which would bring its investment to $15 billion. Netflix will also continue to spend big on marketing its original content; such costs increased 65 percent last year, and are projected to jump another 22 percent this year to almost $2.9 billion.
Continue reading Netflix Is Expected to Spend $15 Billion on Content This Year