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Netflix Comes Out Swingin $17B For 2020 New Content


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 1 month ago '07        #1
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yolaboy  topics gone triple plat - Number 1 spot x2
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Netflix Comes Out Swingin $17B For 2020 New Content
 

 
visit this link Netflix Projected to Spend More Than $17 Billion on Content in 2020

Netflix is keeping its foot pressed firmly on the gas pedal in the streaming-video road race.

The streamer will invest around $17.3 billion this year in content on a cash basis, according to a new forecast by Wall Street firm BMO Capital Markets. That’s up from around $15.3 billion in 2019. And Netflix is not expected to ease up anytime soon: Its content spending will top $26 billion by 2028, per BMO’s report. On an amortized P&L expenditure basis, Netflix’s content spending will be about $11.1 billion in 2020, the analyst firm predicts.

The forecast comes ahead of Netflix’s scheduled fourth-quarter 2019 earnings report on Tuesday, Jan. 21, after market close. Investors will be reading the tea leaves for how Disney Plus and Apple TV Plus, among the first entrants in a new wave of new subscription VOD rivals, affected Netflix’s subscriber growth in the year-end period.

“We continue to believe the ‘streaming wars’ narrative is false and there will be multiple winners in global streaming,” BMO’s Dan Salmon wrote in the research note. The analyst continues to maintain “buy” ratings on the stocks of Netflix, Amazon and Disney together.

For Q4, Netflix is expected to turn in “a solid quarter,” Cowen & Co. analyst John Blackledge wrote in a note Thursday. In the year-end period, Netflix debuted a record 802 hours of original programming (up 3% year-over-year), including Oscar contenders “The Irishman” and “Marriage Story.”

The effect of Disney Plus on Netflix’s U.S. subscriber churn “will be manageable” relative to previous guidance, Blackledge added: “We continue to believe Netflix will hit or exceed its U.S. paid net add guide.” He also pointed to Cowen’s December 2019 U.S. survey finding Netflix continues to be the top pick when consumers were asked which platform they use the most to view content on TVs: Netflix led with 25% of total respondents, followed by basic cable (18%), broadcast (17%) and YouTube (13%).

Most of Netflix’s content budget for 2020 and beyond will be on originals, according to BMO. Recently announced projects include Netflix’s multi-year pact with Nickelodeon for animated originals; a multiyear film and TV deal with “Game of Thrones” duo David Benioff and Dan Weiss; and a three-year deal with South Korean media conglomerate CJ ENM’s Studio Dragon for originals and licensed titles as well as a pact with Korean producer JTBC Content Hub. Salmon called the Korea content deals “a stepping stone to scaling subs in one of [the Asia Pacific region’s] wealthiest and largest addressable markets.”

For context, Netflix’s overall content spending is significantly higher than what big media conglomerates have told Wall Street they’re going to plow into their own streaming initiatives. In fiscal 2020, Disney has said it will spend $1 billion on original programming for Disney Plus and will have nearly $1 billion in operating expenses. According to AT&T, WarnerMedia will invest up to $2 billion in HBO Max in 2020, while Comcast/NBCUniversal has earmarked about $2 billion for Peacock in the service’s first two years.

To help fund that content budget, Netflix has about $14.6 billion in long-term debt on the books, after issuing around $2.2 billion in junk bonds last fall. The company also had $19.1 billion in content spending obligations — in other words, IOUs to content suppliers — as of Sept. 30, 2019, including $10.8 billion not reflected on its balance sheets.
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 1 month ago '04        #2
Exs  topics gone triple plat - Number 1 spot x6
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Netflix is kind of the move for the independent creative writer/visionary at this point.


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Top 10 most slapped recently  1 month ago '16        #3
freebiggavel  topics gone triple plat - Number 1 spot x4
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netflix is bankrupt
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 1 month ago '16        #4
postemupndunkit 
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They spent all that money last year I swear I only watched like three things smh
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 1 month ago '10        #5
AriGold 
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When it comes to original content, Netflix blows Disney +, Apple and every other streaming service out the water.
Those other services will never catch Netflix.
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 1 month ago '16        #6
popogogo 
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They have no choice.

The legacy content owners all got their own streaming services online or coming on now and they won't allow them to stream their stuff soon.
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 1 month ago '16        #7
jetlife510 
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They need another season of black summer black mirror and messiah
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 1 month ago '18        #8
Sick Flair 
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They have to build IP, only way to survive. If one of y’all write or go a fire a*s cartoon idea hit Netflix with it. If they start getting fire cartoons it’s over. That’s the only thing the mouse has besides Marvel that keeps the lights on.

I think the issue though is most n*ggas want to see good films in the theater that’s where they will always loose.
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 1 month ago '16        #9
Supreme God  topics gone triple plat - Number 1 spot x2
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 AriGold said
When it comes to original content, Netflix blows Disney +, Apple and every other streaming service out the water.
Those other services will never catch Netflix.
Netflix blows it out of the water period. I don't know if Disney + shook them, but since November, Netflix has been FILLED with content old and new. I recently spent about 10 minutes adding sh*t to my list. I thought about leaving Netflix alone about 8 months ago... But nope, nothing is fu*king with Netflix, and I have Disney +/Hulu/Amazon ect also.
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 1 month ago '04        #10
Mike T  topics gone triple plat - Number 1 spot x1
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More original films & standup. Imagine if Reed Hastings's took that 17bil & locked in, paid up front salary & production cost as long as its Netflix. Its like Michael Bay you get $100million Will you get $100mil Leo you get a $100mil..

 1 month ago '13        #11
Facts B 
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Netflix fell off. Too many foreign subtitled or dubbed movies.
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 1 month ago '06        #12
damn_ryght 
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Netflix has a pretty good headstart from the competition.

They have a pretty good eye for picking great content.

Consumers will always have a Netflix subscription. Question is, who's gonna be number 1 and 2
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 1 month ago '19        #13
ym7171yea  topics gone triple plat - Number 1 spot x2
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 AriGold said
When it comes to original content, Netflix blows Disney +, Apple and every other streaming service out the water.
Those other services will never catch Netflix.
quantity wise maybe
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 1 month ago '16        #14
AfroBucks88 
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 ym7171yea said
quantity wise maybe
this
Netfilx has original content exclusively for every region on the planet asia africa europe etc.
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 1 month ago '17        #15
dubsax 
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netflix is on top and will be for sometime.

every other service only makes content for their respective country and dubs it in a different language for others. whereas netflix makes specific content for each region individually and gradually expands the language choices.

they are better position to be the global leader
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 1 month ago '09        #16
iamsoulja 
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 AriGold said
When it comes to original content, Netflix blows Disney +, Apple and every other streaming service out the water.
Those other services will never catch Netflix.
Disney can definitely catch Netflix they been in the movies/tv business forever but Netflix ain’t going nowhere anytime soon
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 1 month ago '07        #17
TH35 
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 Facts B said
Netflix fell off. Too many foreign subtitled or dubbed movies.
Naw
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 1 month ago '07        #18
TH35 
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 iamsoulja said
Disney can definitely catch Netflix they been in the movies/tv business forever but Netflix ain’t going nowhere anytime soon
Disney can catch Netflix soon however they lost a lot of subscribers when the Mandalorian was over

this is why they are pushing the marvel properties up
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 1 month ago '14        #19
mumbosauce 
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Only thing Disney + got is Star Wars & Marvel and that stuff will take a long time to come out. I only watched Disney + once a week for that Star Wars show and ain't been back since. I'm just keeping it for Marvel shows and it's only like one or two this year?


Netflix got the Midas Touch.

Only ppl who disagree is simple minded cats who don't want to try series outside of their limited point of views
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 1 month ago '17        #20
SPdaGOAT  topics gone triple plat - Number 1 spot x3
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Content is key in these wars. A lot of people only willing to pay for one, so having the best selection of content goes a long way in people choosing your service
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 1 month ago '04        #21
Scoop24 
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They have too it’s the one advantage they have even though it puts them further in the red. Disney and Apple got unlimited money there original content will only get better.

 1 month ago '18        #22
The3 
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Make a movie about the dajjal netflix





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