QR.bizNewsThis year, the platform plans to spend ... $ 17 billion — Netflix

This year, the platform plans to spend ... $ 17 billion — Netflix

According to Variety, the news comes ahead of the Netflix show for the fourth quarter of 2019 next Tuesday. Last year alone, they added $ 2 billion to their debt, which has not paid off much in recent years.

No, you're not dreaming.

Netflix has some epic sized pockets, despite being over $ 12 billion in debt.

Netflix has emerged as a revelation in the audiovisual market. Thus, the stream platform offers an ever longer catalog of films and series. With value affords that defied all competitors, it didn't take lengthy for the firm to take off. Unlike Hulu, Amazon Prime, and Apple TV +, Disney + took some of the wind out from under Netflix's wings. In fact, in the digital age, its developers have won us over.

Nevertheless, it didn't take lengthy to see new platforms emerge.

"The data clearly shows that the 4Q 2019 launches of both Disney+ and Apple TV+ DID NOT immediately inflict significant damage to the streaming market structure", Michael Nathanson, analyst with MoffettNathanson, wrote in the firm's latest SVOD Tracker, issued Friday. As well as, NBC has introduced the launch of its personal service. Peacock will be arriving very soon. Surely they're not as big of competition as Disney+, but most likely, it will lead a few eyeballs turning away from Netflix's homepage. Last year, it spent $ 15.3 billion. BMO Capital adds Netflix had a solid final quarter, setting a record past year of 802 hours of original content. In addition, also according to the same source, Netflix therefore intends to reach the 26 billion budget by 2028.

The streaming service, which has been around since 1997 and now has 158 million global subscribers, has been something of a trailblazer in the industry since it found its footing in 2012 and in its production of original content. Most notably, they took a real hit when Disney+ arrived on the streaming scene a year ago.

Netflix also received 24 Academy Award nominations in 2019, including two best picture nominations for "The Irishman" and "Marriage Story". In fact, the vast majority of this insane amount will be dedicated to the creation of original content. On the competitors facet, the numbers are a lot much less colossal.

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