Netflix’s Content Budget for 2018 Balloons to $13 Billion — Report
When Netflix announced its third-quarter earnings in mid-October, the streaming service predicted it would spend between $7 billion and $8 billion on content in 2018. Now that the year’s half over, those figures require an update: The Economist, citing data from a Goldman Sachs assessment, reports that Netflix will actually spent $12 billion to $13 billion on its films and shows during that span. According to the magazine, Netflix’s annual budget tops what every other studio and network will spend on non-sports programming.
A number that has stayed consistent is how many original films Netflix will debut in 2018, a robust outlet compared to its competitors. While Warner Bros. and Disney will respectively release 23 and 10 films, a source close to Netflix confirmed that the studio will rollout at least 82, including Noah Baumbach’s “The Meyerowitz Stories” follow-up starring Scarlett Johansson and Adam Driver, and the Sandra Bullock thriller “Bird Box.” The source also said...
A number that has stayed consistent is how many original films Netflix will debut in 2018, a robust outlet compared to its competitors. While Warner Bros. and Disney will respectively release 23 and 10 films, a source close to Netflix confirmed that the studio will rollout at least 82, including Noah Baumbach’s “The Meyerowitz Stories” follow-up starring Scarlett Johansson and Adam Driver, and the Sandra Bullock thriller “Bird Box.” The source also said...
- 7/6/2018
- by Jenna Marotta
- Indiewire
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