Latest in content spending

Netflix Co-CEO Ted Sarandos said the company will likely spend roughly $17 billion on content in 2024, steady with 2023 levels. The level of spending, which had shocked the rest of the entertainment industry as it grew sharply during Netflix’s rise, has flattened as the company has reassessed its…

Netflix executives see content spending of about $17 billion in 2021 lingering there through 2023. It’s the latest shift for the giant streamer that’s always been gung-ho about spending and was seen as nosing up to the $20 billion range. But as part of an overall industry rethink — and its own — CFO Spencer Neumann…

Netflix’s fabled “culture deck,” which over the years has taken on the importance of the Magna Carta in tech and business circles, has gotten some updates reflecting the streaming giant’s current circumstances. The document, which is based on a PowerPoint deck created by Co-Founder and Co-CEO Reed Hastings, lays out…

Disney CFO Christine McCarthy warned that carriage costs for pay-TV bundle Hulu + Live TV would drive an $800 million to $1 billion increase in streaming costs during the current quarter. The internet-delivered TV package now had 4.3 million subscribers, the company revealed in its fiscal first-quarter results, and…