Netflix Projected to Spend More Than 17 Billion dollar on Content

Netflix Projected to Spend More Than 17 Billion dollar on Content

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According to Variety Magazine, Netflix plans to invest US $ 17.3 billion (approximately 118.9 billion yuan) in the production of original film and television content this year, which is almost double the total box office in China in 2019. It is reported that Netflix will increase Part of the investment is for the development of original film and television content.

Faced with Disney, Warner and other movie giants with their own film libraries to join the streaming media battle, Netflix’s pressure to develop its own content has increased year by year. In 2019, Netflix’s investment in film and television content reached US $ 15.3 billion. According to the forecast of Wall Street Investment Company, Netflix may increase the investment amount of film and television content to 20 billion US dollars in 2028.

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In the past year, Netflix produced more than 1,500 hours of new original film and television content. After “Roma” swept last year’s Oscar, it also launched “Irish”, “Marriage Story” and other good works this year’s awards season. Significantly improved both in quantity and quality.

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Netflix Projected to Spend More Than 17 Billion dollar on Content
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