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Netflix To Spend $17B On Content In 2021

Brazil India Netflix 2020 vaccine

21.04.2021 - 00:10

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Netflix has revealed that it will spend $17B on content in 2021 – on par with its 2020 spend.The streamer noted the figure in its first quarter financial results.“While the roll out of vaccines is very uneven across the world, we are back up and producing safely in every major market, with the exception of Brazil and India.

Assuming this continues, we’ll spend over $17B in cash on content this year and we’ll continue to deliver an amazing range of titles for our members with more originals this year than last,” it noted in its shareholder letter.In 2019, the company spend a touch more than $15B and was estimated to have spent around $17B in 2020 with analysts including BMO Capital Markets’ Dan Salmon estimating that it could spend up to

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