Netflix is expected to spend $17.3 billion on new content in 2020, up from $15.3 billion last year.
This spending projection comes from a Wall Street firm's forecast, as reported by Variety. BMO Capital Markets also claims Netflix's spending on new streaming content will increase to over $26 billion by 2028. “We continue to believe the ‘streaming wars’ narrative is false and there will be multiple winners in global streaming,” said BMO’s Dan Salmon. |