Report: Netflix Plans to Spend $13 Billion on Content


By

on

in

, ,

Netflix is locked in a heated race for subscribers. Not just with traditional competitors like Amazon and Hulu but also with services like Sling TV.

In 2018, Netflix reportedly planned on spending between $7 billion and $8 billion on content. Now it is being reported by The Economist that Netflix has ramped that up to $13 billion according to a source close to Netflix.

According to the report, Netflix has acquired 700 new or exclusively licensed programs with at least 100 of them being scripted dramas and comedies.

This all comes as both Hulu and Amazon are increasing their number of originals. Hulu is currently riding high off their hit The Handmaid’s Tale, and Amazon has a growing list of new shows including a show based on Tom Clancy’s Jack Ryan books. Even YouTube is doubling down on their original content.

Netflix is also still riding high off not only older hits like Orange Is the New Black but also new hits like Stranger Things. The question now for Netflix, Hulu, and Amazon is can how can they keep up this rate of spending before having to find a new way to monetize shows.

Source: The Economist

Did you know we now have a FREE app for iOS, Android, and Amazon Fire? Click HERE to download our app.

Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like http://Amazon.com, streaming services, and others. Affiliate links help sites like Cord Cutters News, LLC stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.