【Secretive Boarding House】

Source：Feast Information Network Editor：Games Time：2025-06-26 09:55:33

Netflix just keeps raising the ceiling on Secretive Boarding Houseits content aspirations.

The company officially announced that it could spend up to $8 billion on original video in 2018—a cool billion dollars more than it had previously planned.

Ted Sarandos, head of content at Netflix, recently said publicly that the company could hit the $8 billion mark, but Monday's quarterly earnings report made it official.

Mashable Light Speed Want more out-of-this world tech, space and science stories? Sign up for Mashable's weekly Light Speed newsletter. By clicking Sign Me Up, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy. Thanks for signing up!

"With $17 billion in content commitments over the next several years and a growing library of owned content ($2.5 billion net book value at the end of the quarter), we remain quite comfortable with our ability to please our members around the world. We’ll spend $7-8 billion on content (on a P&L basis) in 2018," Netflix wrote in its earnings release.

Netflix has that kind of cash to spend, and then some. The company continues to add millions of subscribers every quarter (it's now up to 104 million) and is also raising its prices.

This Tweet is currently unavailable. It might be loading or has been removed.

Netflix's spending on content should help retain its current subscribers and continue to add more—particularly outside the U.S., where Netflix still has the most upside for new customers.

But it's also to help remain competitive as other big companies start to tread on its turf. Netflix still has HBO and Hulu, while Amazon and even Apple and Facebook are jumping into the market.

Featured Video For You

The sneakers for people who love pizza, so basically everyone

Topics Netflix

Previous：How to Easily Make iPhone Ringtones Using Only iTunes

Next：NYT Connections hints and answers for April 14: Tips to solve 'Connections' #673.

【Secretive Boarding House】

Related Articles

Related Recommendations

Categories

Latest Articles

Popular Articles

Hot Recommendations

Featured Column

Quick Links

Quick Links