Netflix Spending On Content Set To Climb Past $17B In 2020, Analyst Expects
6 monthes ago - By Deadline
Netflix will spend $17.3 billion on content in 2020, according to a new forecast by Dan Salmon, an analyst with BMO Capital Markets. The company spent a bit more than $15 billion in 2019. Salmon sees the tally rising past $26 billion by 2026. CEO Reed Hastings and other executives have continued to assert their plan...
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Netflix Expected to Spend $17 Billion on Content This Year
6 monthes ago - By The Wrap
Netflix isn't slowing down. The world's biggest streaming service is projected to spend $17.3 billion this year on content, according to a new estimate from BMO Capital Markets - or about $2 billion more than it spent in 2019.
A Netflix rep did not immediately respond to TheWrap's request for comment on the BMO report.
Netflix's big investment comes as it is dealing with an onslaught of new competitors, including Disney+, AppleTV+ and several others that will be launching later this year. Those services haven't earmarked anywhere near the same amount for new content as Netflix, however...
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Netflix Projected to Spend $17 Billion on Content in 2020
6 monthes ago - By Decider
Wall Street firm BMO Capital Markets estimates that Netflix will invest $17.3 billion in content this year, up $2 billion from 2019.
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