Netflix has revealed that it will spend $ 17 billion on content in 2021 – the same as in 2020.
The streamer noted the figure in the first quarter financial results.
“Although the launch of vaccines is very uneven around the world, we are back and producing safely in all major markets except Brazil and India. Assuming this continues, we will spend over $ 17 billion in cash on content this year and will continue to deliver an amazing range of titles to our members with more originals this year than last year, ”he said in a letter to shareholders.
In 2019, the company spent more than $ 15 billion and is estimated to have spent about $ 17 billion in 2020, with analysts including Dan Salmon of BMO Capital Markets estimating that it could spend up to $ 26 billion by 2026.
This is because the service has revealed evaluation figures for a number of originals.
Netflix is also starting to face competition in terms of content budgets, such as Disney + wanting to spend around $ 8 billion a year over the next few years and new challenges from Apple TV + and Amazon.