How much is Netflix spending on content in 2021? Over $17 billion…

Kouvr Annon, Nikita Dragun, Sienna Mae Gomez, Chase Hudson, Larri Merritt, Thomas Petrou, Alex Warren, and Jack Wright — a.k.a Hype House — will star in a new unscripted series that will reveal a side of themselves

 

According to its first quarter earnings report, Netflix said that it will spend more than $17 billion on content. They also said that they would deliver more original titles this year. They mentioned that they’re back in operation and are producing content with safety protocols in major markets almost all over the world; with Brazil and India being the recent exceptions.

 

In 2020, Netflix spent $11.8 billion amid the raging pandemic which drastically cut down production schedules and decreased the amount of original content that was produced. In 2021, with robust vaccination drives in the U.S. and other countries it has increased its budget by over 5 billion. In 2019 the streaming platform spent $13.9.

 

Netflix beat Wall Street analyst’s estimates in both earnings and revenue projections. However, it lost in Q1 subscriptions which were set by the company. It added almost 4 million paying households falling quite short of its six million targets. On Tuesday, Netflix shares fell by about 11 percent in after hour trading.

 

Most watched shows on Netflix for the first quarter as per the company’s report are as follows:

 

  • Firefly Lane — Season 1 — 49 million households in the first 28 days on the service
  • Cobra Kai — Season 3 — 45 million
  • Fate: The Winx Saga — 57 million
  • Ginny and Georgia — 52 million

 

Most watched films were as follows:

 

  • Outside the Wire — 66 million
  • Yes Day — 62 million
  • I Care a Lot — 56 million
  • To All the Boys I’ve Loved Before (trilogy) — 51 million

 

Non English titles also had a good run on Netflix with viewership in tens of millions. Some of the more noteworthy titles were as follows:

 

  • Who Killed Sara? (Mexico) — 55 million
  • Below Zero (Spain) — 47 million
  • Space Sweepers (South Korea) — 26 million
  • Lupin (French) — 76 million

 

In early March, Netflix exclusively told Variety that all its series that received Oscar nominations saw a huge increase in viewership after the nominees were announced. These included the following:

 

  • A Love Song for Latasha
  • Da 5 Bloods
  • Pieces of a Woman
  • Mank

Follow us on Google news for more updates and News










PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer


>