3 Companies That Outspent Netflix on Content in 2021
By just about any measure, Netflix (NASDAQ: NFLX) has a massive content budget. It planned to spend $17 billion in cash this year, or about $14 billion on a profit-and-loss basis (which amortizes content costs over their useful life). And that massive content budget has been instrumental in expanding its subscriber base around the world.
But there are three media companies that outspent Netflix in 2021, according to data from Ampere Analysis: Comcast (NASDAQ: CMCSA), Walt Disney (NYSE: DIS), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Here are some important takeaways for investors from this particular statistic.
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Source Fool.com
