OCTOBER 22, 2019: Over the 12 months ending September 30, Netflix spent $13.5 billion to produce original content for its streaming service.[1] ([link removed])
The company hopes the programming will attract enough new subscribers to cover the cost of all that production. But they’re not there yet. Netflix lost $2.9 billion during those last 12 months.
Adding to the company’s challenge in the coming year will be competition from both Disney and Apple. Both companies are launching new streaming services on their own.
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_Scott Rasmussen is an editor-at-large for Ballotpedia, the Encyclopedia of American Politics. He is a senior fellow for the study of self-governance at the King’s College in New York. His most recent book, ** Politics Has Failed: America Will Not ([link removed])
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was published by the Sutherland Institute in August 2018._
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