Netflix plans to use its recent price hikes to invest $8 billion in original films and anime

Netflix has said it will be increasing its yearly spend to a cheek-slapping $8 billion (£6.2 billion) in 2018, as part of a larger push to have 50% of its library be originally produced content. The figure, issued during the company’s quarterly earning release on Monday, marks a substantial leap from the $6 billion (£4.5 billion) planned for this year. It comes at a time when big powers like Disney have made decisions to pull content from Netflix, moving it into their own ecosystems.
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