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Ted Sarandos: Netflix’s Content Budget Will Ascend To $7 Billion In 2018

Netflix will spend $7 billion on content in 2018 -- up from the $6 billion that the streaming giant has pledged to spend this year on licensing and producing TV series and films. In 2015, Netflix spent $5 billion on content. However, “The vast majority [of our spend] is still licensed content,” Netflix’s chief content officer, Ted Sarandos, told Variety. “We’re still a couple years from seeing it go 50-50.
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