Netflix to Spend $17 Billion on Content in 2020
- 4 years ago
Netflix to Spend $17 Billion
on Content in 2020 According to a forecast by Wall Street firm
BMO Capital Markets, the streaming service
will invest around $17.3 billion. According to BMO, Netflix's new budget
will largely focus on originals. This year's projection is an increase from $15.3 billion spent in 2019. The brand's spending will reportedly top $26 billion by 2028. Despite the rise of competing streaming services, Netflix has maintained steady subscriber growth. BMO Analyst Dan Salmon, via 'Variety' In 2019, Netflix debuted a record of
802 hours of original programming and
landed 24 Academy Awards nominations.
on Content in 2020 According to a forecast by Wall Street firm
BMO Capital Markets, the streaming service
will invest around $17.3 billion. According to BMO, Netflix's new budget
will largely focus on originals. This year's projection is an increase from $15.3 billion spent in 2019. The brand's spending will reportedly top $26 billion by 2028. Despite the rise of competing streaming services, Netflix has maintained steady subscriber growth. BMO Analyst Dan Salmon, via 'Variety' In 2019, Netflix debuted a record of
802 hours of original programming and
landed 24 Academy Awards nominations.