Netflix plans to spend round $18 billion on content material this 12 months – and chief monetary officer Spencer Neumann thinks that quantity might improve down the road. “We aren’t anyplace close to a ceiling,” Neumann stated throughout the Morgan Stanley Tech, Media, and Telecom Convention this week, as reported by Selection. “I believe we’re nonetheless simply getting began.”
“We see the chance to develop all over the place,” Neumann stated, in line with Selection. “We wish to keep in development mode versus upkeep mode so long as doable.” He added that Netflix goals to ship “increasingly more leisure worth per greenback.”
