Love your Netflix originals? Wish you had more originals to enjoy? You may soon get your chance as Netflix is on track to spend more on making movies and TV shows than any other company in the world.
This comes from Brean Capital’s Alan Gould, one of the Wall Street’s top analysts, who covers all things Netflix. They are citing the streaming video company’s long-term growth potential due to its content-spending dominance.
“We believe NFLX has created an unstoppable lead in the internet TV business and is positioned to dominate the business long term,” Gould wrote in a note to clients Monday.
“It is on a path to become the largest spender on entertainment content creating a content moat and amortizing it over a global direct-to-consumer audience making it the low-cost producer.”
This will put Netflix on path to jump such large companies as Disney and Time Warner to spend more on content than even NBCUniversal.
Not only is Netflix on track to spend more on content, but they are also on track to top 250 million subscribers worldwide over the next decade, giving Netflix the badly needed money to pay for such aggressive spending on new content.
Hopefully Netflix can follow through on the plans to once again grow their content catalog by adding more Netflix originals and by striking deals with content companies such as Disney.
Source: CNBC
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