Netflix Expected to Spend Over $17 Billion on New Movies and TV Shows in 2020

  • MovieWeb
Not to be outdone by the competition, Netflix is spending a mind-melting amount of money on content this year. For several years now, Netflix has been the unquestioned king of the streaming game. Much of that has to do with the fact that they have curated a massive library of highly desirable original content. But that content doesn't come cheap, as is evidenced by a new forecast of the company's 2020 financials.

As per Wall Street firm Bmo Capital Markets, Netflix is expected to spend $17.3 billion on content in 2020. B, with a big old B. That is up from $15.3 billion in 2019. What's more, Bmo doesn't expect this trend to taper off anytime soon. Their recent forecast suggests the streaming giant will be spending $26 billion by 2028. In recent years, the company has been outspending every other studio in Hollywood. Disney may be the king of the box office, but they invest more
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