Netflix doubles investment in European content

Netflix удваивает инвестиции в европейский контент

The company will increase production in English and other languages in Spain, Germany, Italy, France, Poland, Turkey and the Netherlands. Expansion Netflix has unleashed a wave of media mergers in the United States and Europe.

Streaming service Netflix in 2018 will increase investment in the production of content in Europe more than doubled to $1 billion reported by the Financial Times, citing informed sources.

The company will increase production in English and other languages in Spain, Germany, Italy, France, Poland, Turkey and the Netherlands.

Expansion Netflix has unleashed a wave of media mergers in the United States and Europe, as cable and satellite providers have to spend considerable effort to attract and retain viewers, transitioning to streaming services.

In 2018, the international revenues for the first time, Netflix will exceed revenues from sales in the United States.

The company plans to spend this year to $8 billion on original and licensed content.

Previously, Netflix has refused to participate the Cannes film festival, withdrawing his films. The reason for this was the stringent requirements of participation in the contest.

 

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