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Netflix Could Spend Over $50 Billion on Content

·3-min read
Netflix Could Spend Over $50 Billion on Content
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Netflix (NASDAQ: NFLX) plans to spend $17 billion in cash on content production and licensing this year, but it could be just getting started. When asked if Netflix could double or triple its content spending during the company's third-quarter earnings call, CEO Reed Hastings replied, "You're definitely thinking too small." Netflix expects to play a bigger and bigger role in people's entertainment choices for years to come.

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