Netflix has been pouring billions into their original shows and now they plan to spend even more. In 2017 Netflix plans to spend over $6 billion in new spending on original shows according to their 3rd Quarter Earnings Call.
Netflix’s $6 billion puts them well ahead of NBC at $4.3 billion and CBS with $4 billion on producing new shows. Only ESPN is outspending Netflix with an estimated $7.3 billion on new content; however, ESPN is mostly acquiring rights to stream sports from a variety of leagues and conferences.
Amazon is also spending big with an estimated $3.2 billion on new content by the end of 2016; however, we have no numbers yet for their 2017 spending.
Together Netflix, Hulu, and Amazon along with other producers of original content, such as Crackle, will far outspend the big four networks: ABC, CBS, FOX, and NBC.
All together this makes cord cutting look like an even better deal because the content available on networks such as ABC, CBS, FOX, and NBC is available for free with an antenna. Add in the fact that content from Netflix, Hulu, and Amazon is not available on cable and cord cutting is quickly looking like a better deal.
So if you want some of the best original shows next year you will need to become a cord cutter.
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