Netflix Expected to Spend as Much as $15 Billion on Content This Year

As you’ve surely noticed by now, Netflix boasts an ever-expanding library of original movies and TV series. “Fyre: The Greatest Party That Never Happened,” “Black Mirror: Bandersnatch,” and “Tidying Up with Marie Kondo” are just some of the conversation starters to premiere on the streaming giant in recent weeks, and they have something in common: They all cost money to acquire and/or produce. So much, in fact, that Netflix spent $12 billion on content in 2018 — and, according to Wall Street analysts (per Variety), could see that number rise as high as $15 billion this year.
Read more: https://www.indiewire.com/2019/01/netflix-originals-budget-15-billion-1202036683/?source=Snapzu