Netflix to spend $17bn on 2021 content, falls short of Q1 subscriber targets
Netflix is starting to face competition in terms of content budgets with the likes of Disney+ looking to spend around $8bn a year over the next few years.
Netflix is starting to face competition in terms of content budgets with the likes of Disney+ looking to spend around $8bn a year over the next few years.
Post release of the report, Netflix shares marked a 12.4% jump in value in after-hours trading.