Netflix’s plan to spend $18 billion on content is ‘not anywhere near the ceiling’

CFO Spencer Neumann said the streaming service is ‘just getting started.’

CFO Spencer Neumann said the streaming service is ‘just getting started.’

Emma Roth is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO.

Netflix plans to spend around $18 billion on content this year – and chief financial officer Spencer Neumann thinks that number could increase down the line. “We are not anywhere near a ceiling,” Neumann said during the Morgan Stanley Tech, Media, and Telecom Conference this week, as reported by Variety. “I think we are still just getting started.”

Netflix’s spending has increased from

→ Continue reading at The Verge

Similar Articles

Advertisment

Most Popular