Netflix’s Content Budget for 2018 Balloons to $13 Billion — Report

When Netflix announced its third-quarter earnings in mid-October, the streaming service predicted it would spend between $7 billion and $8 billion on content in 2018. Now that the year’s half over, those figures require an update: The Economist, citing data from a Goldman Sachs assessment, reports that Netflix will actually spent $12 billion to $13 billion on its films and shows during that span. According to the magazine, Netflix’s annual budget tops what every other studio and network...
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