Netflix Spends More On Programming Than Viacom, CBS

Netflix's streaming video service began as a place to watch episodes of old TV shows and obscure movies. Now, the company has focused on improving its streaming offerings, and has been spending increasing amounts on acquiring and producing content. Netflix's content spending has gotten so huge, it's now in the same ballpark as that of some of the top entertainment companies. The company spent 6.3 billion dollars in 2017, which is more than Viacom and CBS.