Netflix plans to spend round $18 billion on content material this yr – and chief monetary officer Spencer Neumann thinks that quantity may improve down the road. “We’re not wherever close to a ceiling,” Neumann mentioned through the Morgan Stanley Tech, Media, and Telecom Convention this week, as reported by Variety. “I feel we’re nonetheless simply getting began.”
“We see the chance to develop in all places,” Neumann mentioned, in line with Selection. “We need to keep in development mode versus upkeep mode so long as attainable.” He added that Netflix goals to ship “increasingly more leisure worth per greenback.”
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