Netflix To Spend $17B On Content In 2020

Netflix To Spend 17b On Content In 2020

Netflix will reportedly invest around $17.3 billion this year in content on a cash basis according to a new forecast report from Wall Street firm BMO Capital Markets.

That number is up from around $15.3 billion in 2019, and estimates are the streamer will top $26 billion a year on content spending by 2028, with much of that to be on originals.

Netflix reveals its Q4 2019 earnings report on Tuesday next week with investors curious how competition from Disney+ and Apple TV+ has affected subscriber growth in the year-end period.

Surveys conducted last month indicate Netflix remains the top pick consumers use the most to view content on TVs.

Source: Variety