Netflix Will Consider Content Spending Boost After Positive Subscriber Numbers
deadline.comNetflix is spending around $17B on content this year and next but has hinted that it may boost this after a strong quarter.
The streamer reported positive subscriber numbers today after two quarters of subs losses, giving it more confidence that the great comeback has started.
Co-CEO Ted Sarandos said, during its quarterly YouTube investor video, that it will “revisit” the $17B figure, which has been spent on hit shows such as Stranger Things 4, Dahmer and The Gray Man. “What we’re seeing is that the both the scope and scale, as well as the range and the cadence of hits is improving, so I feel better and better about that $17B of content spend because what we have to do is be better at getting more impact per billion dollar spend than anybody else.
That’s how we’re focusing on it. I think we’re spending at about the right level. As we re-accelerate revenue, we’ll revisit that number, of course, but we’re pretty disciplined bunch about that,” he said.
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