Surprise, surprise, Netflix is good at spending money. Every year we report on just how much the streamer is spending, and each year, it seems to inflate substantially. Given that it has long since been prepping for the great Streaming Wars, you could hardly blame them, but with competitors now rolling out, it looks like they’re doubling down. Well, maybe not doubling, but they certainly aren’t slowing down.

Last year, the streamer spent a reported $15.3 billion on content, and this year (2020), they are projected to spend $17.3 billion. That being said, I think it’s worth noting that it is not specified whether or not this most recent figure indicates original content or just content in general. 

RELATED – Big Bang Theory Co-Creator Signs Netflix Deal

Regardless, they do seem to be spending a lot more than competitors. Disney is expected to spend $1 billion on original programing in 2020, HBO Max around $2 billion, and Peacock also around $2 billion. In short, they’re spending a whole lotta money to help stay ahead of the game.

What do you think of all the money that Neflix is spending, especially compared to its competitors? Let us know your thoughts down below!

Don’t forget to share this post on your Facebook wall and with your Twitter followers! Just hit the buttons on the top of this page.

—–

Have you checked out LRM Online’s official podcast feed yet The LRM Online Podcast Network, which includes our flagship podcast Los Fanboys, our premiere podcast Breaking Geek Radio: The Podcast, and our morning show LRMornings? Check it out by listening below. It’s also available on all your favorite podcast apps!

Subscribe on: Apple Podcasts |  Spotify  |  SoundCloud | Stitcher | Google Play

SOURCE: Variety