Netflix plans to spend round $18 billion on content material this yr – and chief monetary officer Spencer Neumann thinks that quantity might improve down the road. “We aren’t wherever close to a ceiling,” Neumann mentioned throughout the Morgan Stanley Tech, Media, and Telecom Convention this week, as reported by Variety. “I feel we’re nonetheless simply getting began.”
“We see the chance to develop in every single place,” Neumann mentioned, in keeping with Selection. “We wish to keep in progress mode versus upkeep mode so long as doable.” He added that Netflix goals to ship “an increasing number of leisure worth per greenback.”