Sometimes it’s easy to lose sight of just how deep the pockets are of these multibillion-dollar companies. We often tout just how much relative newcomers like Netflix, who are going in debt to help fund their original content, and while the streaming giant is spending a ridiculous amount of money on original content to replace the inevitable departure of licensed content, it still doesn’t hold a candle to what Disney is spending.
Buried in a new report from Variety analyzing the ins and outs of Disney’s ambitious streaming service, Disney+, it is stated (via RBC Research) that the House of Mouse projects to spend over $23.8 billion in 2019 on all their content, with $16.4 billion of it being non-sports-related content. Yup, this includes all their theatrical content, TV content, and Disney+ content, so it’s easy to see why this number would be so steep.
By comparison, AT&T and Netflix are spending $14.3 billion and $14 billion, respectively.
With this in mind, it makes sense why the content and Disney would eclipse the other two, as its content spans multiple platforms. In contrast, Netflix has all their content under one roof. While these are a lot of bucks being thrown around, it’s hard for me not to be impressed with just how much Netflix is spending on their content for just one service.
But what do you think of these numbers? Let us know your thoughts down below!
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