Netflix plans to spend $6 billion on new shows, blowing away all but one of its rivals
Publishing timestamp: 2016-10-17 20:54:33
Summary
Netflix plans to spend $6 billion on content next year, making it one of the biggest spenders in the media category. However, it still falls behind ESPN in terms of content spending. Amazon is also increasing its spending on video content and originals.
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Tickers: NFLX, DIS, CMCSA, AMZN, PARA,
Keywords: business news, advertising, amazon.com inc, television, media, walt disney co, comcast corp, netflix inc, paramount global,