Netflix CEO Vows to Spend Even More on Content [Bloomberg]

Netflix price increases fund programming

Netflix CEO Vows to Spend Even More on Content [Bloomberg]

By Gerry Smith

November 6, 2019 | Netflix Inc. expects to spend a $15 billion on programming this year, dwarfing its streaming rivals. But it’s just getting started.

Chief Executive Officer Reed Hastings said at the DealBook conference that the company’s expenditures on shows and movies will only grow.

“We plan on taking spend up quite a bit,” he said Wednesday at the New York event. “We’re growing and investing around the world. We’ve been strong in series. Now we’re getting really strong in movies.”

Read more on Bloomberg.

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Meet the Women Leading Netflix Into the Streaming Wars [Fortune]