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Netflix will actually spend as much as $13B on content this year, report says

July 09, 2018 / Julian Chokkattu

Netflix’s almost unimaginably high budget for movies and TV shows will actually be significantly larger than previously expected, reaching around $13 billion, according to The Economist.The projection greatly exceeds the $8 billion figure that has been widely reported. This compares to just $2.5 billion for HBO, the content company Netflix has publicly identified as its chief competition.The Economist said Netflix will produce 82 feature films in 2018, compared to 23 for Warner Bros. and 10 for The Walt Disney Company.