Netflix Will Spend $17 Billion in Cash on Original Movies & TV Shows This Year

Netflix Will Spend $17 Billion in Cash on Original Movies & TV Shows This Year
Every Hollywood studio spends hundreds of millions, if not billions, on movies and TV shows every year. It's just part of being in the game. But Netflix, the most dominant force in the streaming world, is truly outdoing the competition in that department. Case in point, the streaming service has revealed that they will spend upwards of $17 billion on original content in 2021.

The news was revealed during Netflix's recently quarterly earnings report. While subscriber growth missed its targets, as growth has slowed in the U.S., the company is continuing to spend money like it's going out of style. In discussing the content rollout strategy for the rest of the year, the company outlined its massive spending plans, saying the following.

"As seen in the weekly growth chart above, in early Q1, with the benefit of Bridgerton, Lupin and Cobra Kai, we were following a growth trajectory similar to recent years.
See full article at MovieWeb »

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