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Netflix plans to spend $7 billion on content next year

If there's one thing we know about Netflix, it's that the streaming giant isn't afraid to spend big bucks to keep its growing subscriber base happy. As a prime example, it's widely believed that Netflix earlier this year agreed to pay Jerry Seinfeld upwards of $100 million for two brand new stand-up specials along with a smattering of scripted content. More recently, Netflix managed to poach Shonda Rimes, the creative mastermind behind hit shows like Scandal and How To Get Away With Murder -- away from Disney.
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