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Netflix’s plan to spend $18 billion on content is ‘not anywhere near the ceiling’

Netflix plans to spend about $ 18 billion on content this year – and financial manager Spencer Neumian believes that this number may increase the line. “We are not anywhere near the ceiling,” Newman said during the Morgan Stanley Technology, Media and Communications Conference this week. As mentioned before diverse. “I think we are still just starting.”
“We see the opportunity to grow everywhere,” Numan said. diverse. “We want to stay in growth mode for maintenance mode as long as possible.” He added that Netflix aims to provide “more and more entertainment value per dollar.”