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From House of Cards, to The Crown, Marvel’s Daredevil and Orange Is the New Black, Netflix is home to some of the most acclaimed original scripted series on streaming, cable or broadcast TV. The service won 20 Emmy awards in 2017, second only to HBO’s 29.
But the streaming juggernaut doesn’t seem too worried about the price of producing those original series. In fact, it’s upping the ante, announcing on its third-quarter earnings video Monday that in 2018, it will spend “between $7 billion and $8 billion on original content on a P&L basis,” said CFO David Wells.
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