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Netflix to spend $6 Billion in 2017

Netflix to spend $6 Billion in 2017

02 June 2017

In an interview with CNBC Reed Hastings CEO for Netflix announced the TV streaming service would invest more money into original content as its subscriber base grows. 

"There are so many great shows we don't have yet,” he said

"It's been great for talent and writers," said Hastings. "There is so much competition. All the new players and the existing players like HBO are beginning to grow. It is this new age of television."

The competition mainly coming from Netflix's biggest competion Amazon.

Netflix has not increased its subscription in the US for 8 years but Reed did not comment on any price increase on subscriptions to help fund any increases in margins.