Netflix to Spend $7 Billion USD on Licensed & Original Content in 2018

Seven times the amount of Apple’s spending on original video content.

By //Entertainment

Netflix is set to roll out a massive heap of content for 2018. In a recent interview with Variety, the streaming giant’s chief content officer Ted Sarandos professed that it will spend a whopping $7 billion USD on licensed and original videos next year. To be clear, that’s seven times the amount of Apple’s $1 billion expense for in-house programming for the next 12 months. “The vast majority is still licensed content,” he says. “We’re still a couple years from seeing it go 50-50,” said Sarandos.

On the contrary, industry analysts are wary of the company’s huge spending especially since “ its stock is overinflated (it’s soared to more than $170 a share, up from around $50 in early 2014, adjusted for a 2015 stock split),” reported Variety. However, Sarandos disputes, “We’re not spending money we don’t have. We’re spending revenue.” Not to mention, Netflix currently is $4.8 billion USD in debt, but Sarandos claims that the company still has “one of the low debt levels in the industry.”

All in all, Netflix is not only rapidly expanding in content, but also geographically. The video platform has amassed over 100 million subscribers in a total of 190 countries and it’s still growing.

Read Full Article
Image Credit
Netflix
Netflix

You may also like

Disney Could Spend $30 Billion USD Annually on Streaming Video Content
Entertainment

Disney Could Spend $30 Billion USD Annually on Streaming Video Content

Netflix is planning to spend $8 Billion USD.
3,809 Hypes 5 Comments
Hulu Says Netflix's Original Content Can't Compete With Its Own $20 Billion USD Budget
Tech

Hulu Says Netflix's Original Content Can't Compete With Its Own $20 Billion USD Budget

“Way too much is thrown around about $8 billion USD,” says Hulu’s CEO.
7,304 Hypes 16 Comments
Apple Original Content Will Begin to Rollout Next Year
Entertainment

Apple Original Content Will Begin to Rollout Next Year

Targeting Netflix, Hulu and Amazon Video.
1,851 Hypes 6 Comments
Amazon May Spend $1 Billion USD to Adapt a Chinese Sci-Fi Novel
Entertainment

Amazon May Spend $1 Billion USD to Adapt a Chinese Sci-Fi Novel

Looking to fill that ‘Game of Thrones’ void as the next hit series.
4,705 Hypes 16 Comments
Netflix Is on Track to Release 1,000 Original Shows This Year
Entertainment

Netflix Is on Track to Release 1,000 Original Shows This Year

With 470 shows still to come.
1,595 Hypes 6 Comments
Netflix Looks to Create 700 Original Series and Movies in 2018
Entertainment

Netflix Looks to Create 700 Original Series and Movies in 2018

Are you ready to continue binge-watching?
3,374 Hypes 13 Comments


What to Read Next

Gosha Rubchinskiy Purchases at Any DSM Come with a Free 'Kaliningrad' Book
Fashion

Gosha Rubchinskiy Purchases at Any DSM Come with a Free 'Kaliningrad' Book

While supplies last.

BEAMS GOLF & Champion Connect on an Exclusive Sportswear Capsule
Fashion

BEAMS GOLF & Champion Connect on an Exclusive Sportswear Capsule

Pullovers, turtle neck tees, and more.

How Adult Swim and MF DOOM's 15-Song Series Came to Be
Music

How Adult Swim and MF DOOM's 15-Song Series Came to Be

DOOM and Adult Swim go way back.


032c's Popular "Believer" Sweatshirt Returns in Pantone Red
Fashion

032c's Popular "Believer" Sweatshirt Returns in Pantone Red

Back like it never left.

Nike's Dunk Low Flyknit Continues to Feature Iconic Jordan Colorways
Footwear

Nike's Dunk Low Flyknit Continues to Feature Iconic Jordan Colorways

This time in “Grape.”

13,000 Strands of Colorful Yarn Dangle for Artist HOT TEA's Latest Installation
Arts

13,000 Strands of Colorful Yarn Dangle for Artist HOT TEA's Latest Installation

Located inside the Mall of America.

More ▾