Comment: Will Netflix still be rich and relevant in 10 years' time?
Netflix plans to invest $6 billion in content this year, writes Colette Sexton
Creating its own content is significantly cheaper than buying licences. There is fierce competition among streaming services and broadcasters for TV shows and films these days which is just driving costs up. In January, investors were told that Netflix owed $10.9 billion in TV show licenses alone. Some $4.7 billion of that was due this year and almost the whole balance will be due before 2019.
When Netflix creates its own show, not only does it save money...
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