Netflix doubles spend on UK productions to $1bn in 2020

Netflix doubles spend on UK productions to $1bn in 2020
Streaming giant points to success of high-profile scripted shows including ’The Crown’.

Netflix is on course to spend $1bn (£744.1m) on UK content this year, doubling its outlay from 2019.

The growth has been driven by high-profile scripted shows such as The Witcher, Sex Education and the recently-launched fourth season of The Crown.

For context, the annual content budget of the UK’s public broadcast channel BBC1 just tops £1bn ($1.33bn) while Channel 4’s originals investment is around the £500m ($666m) mark.

Netflix chief executive Reed Hastings revealed at last year’s Rts Cambridge Convention the company had invested around
See full article at ScreenDaily »

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