Netflix To Spend Billions For Content In 2021

Apr 22 • FEATURES • 162 Views • No Comments on Netflix To Spend Billions For Content In 2021

In a bid to stay ahead in the streaming wars, Netflix will reportedly spend over USD17 billion for content this year. This marks an increase of over USD4 billion on what the streamer spent on last year.

In a letter to shareholders, the streaming giant stated that it will spend over USD17 billion in cash on content this year. It also added that Netflix will continue to deliver an amazing range of titles for members with more originals this year than last.

According to Netflix, Fate: The Winx Saga reached 57 million household viewers, while Ginny & Georgia gained 52 million. Cobra Kai: Season 3 continued to resonate well with audiences with 45 million, and Firefly Lane: Season 1 reached49 million households during the first 28 days of the series release.

These were the most most-watched shows in 2021 during the first quarter on the streaming platform. In terms of film, Outside The Wire reached 66 million viewers, Yes Day at 62 million, I Care A Lot – 56 million), and To All the Boys: P.S. I Still Love You – 51 million viewers, respectively.

As far as local-language original productions go, Netflix reported that Who Killed Sara (Mexico) reached 55 million household viewers. Korea’s Space Sweepers registered 26 million.

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