Netflix intends to spend round $ 18 billion for content material this yr – and the monetary director Spencer Neumann believes that this quantity might improve the road. “We’re nowhere close to a ceiling,” Neumann stated in the course of the Morgan Tech, Media and Telecom convention this week, as reported Selection. “I believe we’re nonetheless starting.”
“We see the chance to develop in all places,” stated Neumann, in response to Selection. “We wish to keep in the best way of accelerating the upkeep mode so long as potential.” He added that Netflix goals to supply “increasingly leisure worth on the greenback”.