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Netflix Co-CEO Ted Sarandos Estimates 2024 Content Spending Level, Weighs In On Film Strategy As Streaming Rivals Embrace Theatrical
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…
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By Dade Hayes
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5 Comments Comment on Netflix Co-CEO Ted Sarandos Estimates 2024 Content Spending Level, Weighs In On Film Strategy As Streaming Rivals Embrace Theatrical
Netflix Content Spend Set To Plateau At $17B For Next Few Years
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 Pledges To Spend Subscribers’ Money “Wisely,” Respect “Artistic Expression” In Newly Revised Version Of Its Fabled Culture Deck
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…
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By Dade Hayes
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Hulu + Live TV Expenses To Boost Disney Streaming Content Spending By Up To $1B In Current Quarter; NFL And Oscars Timing Create $500M Linear Hit
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…
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By Dade Hayes
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