Netflix is expected to bleed money for some time to come...it's projecting a loss of three billion US dollars this year
Netflix is expected to bleed money for some time to come...it's projecting a loss of three billion US dollars this year
20 January 2019
The streaming site says it spent more than 12 billion on content last year, and expects to spend a further 15 billion this year.
The streaming site is continuing the spending binge in anticipation of new competition from giants including Disney, WarnerMedia and NBCUniversal coming online this year.
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