Y
Yoni Heisler
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While Netflix remains the player to beat when it comes to on-demand video, there's no denying that the streaming giant has more competition today than ever before. Aside from the usual suspects -- a list which includes Amazon and HBO -- Netflix these days faces stiff challenges from Amazon, Disney, Hulu, and Apple. And that's to say nothing of upcoming streaming services like Peacock and HBO Max.
In the wake of increased competition, Netflix has said that it's solely focused on delivering the best content it can to consumers and that it's not worried about rivals stealing away subscribers. In reality, though, Netflix's penchant for significantly outspending rivals on content underscores the company's realization that it needs to churn out as much content as it possibly can.
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Netflix to spend a whopping $20 billion on programming this year originally appeared on BGR.com on Sun, 2 Feb 2020 at 14:59:50 EDT. Please see our terms for use of feeds.
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