Author Topic: Netflix to Spend $8 Billion on Content in 2018  (Read 274 times)

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Netflix to Spend $8 Billion on Content in 2018
« on: October 16, 2017, 09:24:22 pm »
Netflix is doing well, but spending so much money on original content may come back to bite them in the booty. That being said, they have better and more original content than any other streaming service and this is what sets them apart. Still, at $8 billion, that's a lot of overhead and combine that with all the licensing rights payed to Hollywood and you'd better not have a quarter that sees people migrating away from your service.

   Netflix on Monday reported third-quarter revenue of $2.99 billion, up 30 percent from the same period last year. It brought in earnings of 29 cents per share, up from 12 cents per share during the third quarter of 2016. Meanwhile, Netflix grew its subscriber base by 850,000 members in the U.S. and 4.45 million members internationally. That adds up to 5.3 million new members during the third quarter. Source: HollywoodReporter

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