Netflix is set to spend around $13 billion in 2018 on original programming which includes, TV series, movies, comedy specials, and documentaries.
According to a briefing from The Economist, the streaming giant will spend more on content than any Hollywood film studio or television company, sports programming excluded - and it'll also be releasing far more projects than its traditional rivals.
In 2018, Netflix's movie slate consists of 82 titles, with Warner Bros. set to release 23 films this year, and Disney (Hollywood's most profitable studio) debuting a mere 10. Looking into the financial crystal ball, investment firm Goldman Sachs predicts that Netflix could have an annual spending budget of $22.5 billion in 2022. This staggering number would bring Netflix close to matching the total spending by all of the cable companies and networks in the United States combined.
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According to a briefing from The Economist, the streaming giant will spend more on content than any Hollywood film studio or television company, sports programming excluded - and it'll also be releasing far more projects than its traditional rivals.
In 2018, Netflix's movie slate consists of 82 titles, with Warner Bros. set to release 23 films this year, and Disney (Hollywood's most profitable studio) debuting a mere 10. Looking into the financial crystal ball, investment firm Goldman Sachs predicts that Netflix could have an annual spending budget of $22.5 billion in 2022. This staggering number would bring Netflix close to matching the total spending by all of the cable companies and networks in the United States combined.
Continue reading…
Continue reading...