Netflix is starting 2020 even better than it ended 2019, with the company behind the on-demand video streaming platform having a colossal surprise prepared for all those who use its services at the moment. After receiving more than 50 nominations for the 2020 Oscars and the 2020 Golden Globes, Netflix has prepared an even bigger surprise for customers, deciding to invest even more money to create original content for the platform.
Netflix plans to invest over 17 billion dollars to produce films and series for subscribers around the world during 2020, and we are talking about an absolutely colossal amount. The amount that Netflix allocates to create content for its platform in 2020 is 2 billion more than that allocated during 2019, and this means that even more films and series will be available for viewing around the globe.
Netflix: INCREDIBLE, The measure that AMAZED subscribers from ALL over the world
Netflix in 2018 it made 15.79 billion dollars in revenue, and in 2019 the amount should be even higher because the number of subscribers increased by at least 10%, and a vast amount of these revenues is reinvested in the production of films and series . For 2020, it is expected that Netflix's revenues will increase again, and that is why the amount of investments in films and series that the company produces is also increased, and this news is great for subscribers.
"Netflix keeps its foot firmly on the gas pedal in the streaming-video race. The streamer will invest about $17,3 billion in cash content this year, according to a new forecast from Wall Street firm BMO Capital Markets. This is up from about $15,3 billion in 2019.”
Netflix, based on its receipts, should be the largest film production company in the US, because its films and series bring in a lot of money every month, and support investments in new content. Based on the growth it has been registering at the global level, those from Netflix can make even better films than those of the Hollywood production houses, with which they compete from all points of view, including attracting stars.
Netflix is a giant that produces films and series for almost 160 million subscribers from all over the world, a colossal figure that brings them extremely large amounts of money every month all over the planet.
