Netflix is arguably the most popular streaming service in the world right now, as it continues to produce a lot of original content comprising of TV series and movies. Now it seems the company is determined to spent a lucrative amount of money into producing content this year.

According to a report by Variety, Netflix plans to spend $17 billion on just content alone in 2021. This is also due to the fact that last year’s production had several delays due to the COVID-19 pandemic, which led to a more crowded schedule this year.

This is a huge jump from 2020’s expenditure, which was $11.8 billion on content. Netflix certainly needs more high-quality original shows if it wants to better its competition. Disney + already has Marvel and Star Wars while HBO Max and Paramount+ have IPs like DC, Harry Potter, and Halo to promote their services.

While Netflix certainly has original shows which were a huge hit, including Stranger Things and Bridgerton, they simply don’t have a huge flagship franchise to rely on.

The current hope is that by spending so much money, a few unexpected hits akin to Tiger King or The Queen’s Gambit will be made this year. We will have to see if Netflix’s strategy ultimately pays off or not.

Subhojeet Mukherjee

Subhojeet has been a massive fan of professional wrestling for over 22 years, since the early days of the Monday Night Wars. Aside from wrestling, he also is into TV shows, movies, Anime, novels and a lot of music.

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