Netflix has revealed that it will spend $ 17 billion on content in 2021 – at the same level as its spending in 2020.
The streamer noticed the figure in the first quarter’s financial results.
‘While vaccination of vaccines worldwide is very unequal, we are able to produce safely in every major market, with the exception of Brazil and India. Assuming this continues, we will spend more than $ 17 billion in cash this year and we will continue to deliver an incredible range of titles to our members with more originals than last year, “he said in his shareholders’ letter. said.
In 2019, the company spent more than $ 15 billion and would spend an estimated $ 17 billion by 2020, while analysts including Dan Salmon of BMO Capital Markets estimate they could spend up to $ 26 billion by 2026.
This comes as the service reveals review figures for a number of original articles.
Netflix is also starting to compete in terms of content budgets, such as Disney +, which wants to spend about $ 8 billion a year over the next few years, and new challenges from Apple TV + and Amazon.