Netflix's Spending Spree Continues With Signing of Big Bang Theory Co-Creator

In January, news broke that Netflix (NASDAQ: NFLX) signed Big Bang Theory co-creator Bill Prady to a first-look content output deal.

That means Netflix has the right to evaluate and consider his creations before any other studio. Financial terms were not disclosed, but this is just one more example of Netflix's content spending spree, which was on pace for a staggering $15 billion last year. The streaming giant has signed a slew of big name talent in recent years, and most of their projects are still in production and have yet to hit the service.

One of the first big name deals came in 2017 when it was announced that Netflix had signed Shonda Rhimes to a multi-year exclusive content output deal, estimated to be a four-year deal worth $100 million or more.

Source Fool.com