Netflix will be spending $6 billion on content throughout 2016

Netflix will be spending $6 billion over 2016 on content.

@anthony256
Published Mon, Jan 18 2016 9:53 PM CST   |   Updated Tue, Nov 3 2020 12:02 PM CST

Netflix has made huge waves in the last year or so, and especially with gigantic hits like House of Cards, Orange is the New Black, and Marvel's Daredevil and Jessica Jones.

Netflix will be spending $6 billion on content throughout 2016 | TweakTown.com

Well, the streaming content giant is committing a huge $6 billion over 2016, which should secure itself as the leader in streaming content. During the Television Critics Association press tour, Netflix Chief Content Officer Ted Sarandos said: "Is there too much TV?" he asked, adding "I'll pause for a second", knowing that reporters would want to note down his next quote: "We don't think there's too much TV. And if there is too much TV, someone else is going to have to slow down, because we have big plans for 2016 and beyond".

Sarandos said that Netflix will have over 600 hours of original content in 2016, adding that 2016's budget is huge. He said: "We're going to spend in 2016 about $5 billion dollars on content on a P&L basis, which means about $6 billion in cash. We are running a global network, one that is not easily comparable either in business or cultural terms ... We're not courting advertisers, because we're not targeting a single demographic".

NEWS SOURCE:ew.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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