Netflix might bejacking the prices up for consumersat regular time interval , but no - one can accuse the streaming giant of keeping those extra penny in the coffers .
The company will expend an incredible $ 18 billion ( around £ 14 billion ) on create its original shows and movies this year alone . And the scary part is , the company has no intention of retard down . In fact , the antonym is reliable .
In an interview withVariety , the master Netflix bean counter is promising to keep the money go out as tight as it come in , in an effort to keep thebest TVsshocked with the best entertainment .
“ We ’re not anywhere near a ceiling , ” said primary financial offer Spencer Neumann . Doubling down , ol’ Spence said “ I think we ’re just getting started . ”
Last class Netflix pass $ 16.2 billion on sate the digital airwaves with all manner of idiot box shows , pic , sports , wrestling , fend - up clowning effect , reality TV and that candidly woeful Mike Tyson combat that made everyone on the planet realise they ’d been utterly swindled .
So this year ’s outgo of a further 11 % , which will admit a rematch from the actually good fight on that Tyson card – Katie Taylor vs Amanda Nunes . So that ’s something to look forward to .
Netflix aver its mental attitude towards content spending is “ a little graphics and a little skill ” and that its primal objective is to provide “ more and more entertainment note value per dollar . ”
Neumann added : “ We see the chance to farm everywhere . It ’s more about , where is the with child opportunity to grow and expend … We want to stay in growth mode versus sustainment mood as long as possible . ”
Opinion
The more Netflix spends , the more we ’re go to be asked to pay . It ’s that simple . So , when he enunciate “ we ’re nowhere near the cap , ” in reference to such extravagant spending , what he entail is how much he thinks he can get away with charging for subscriptions . Just something to stand in mind .
