Netflix to Spend $17 Billion <br />on Content in 2020 According to a forecast by Wall Street firm <br />BMO Capital Markets, the streaming service <br />will invest around $17.3 billion. According to BMO, Netflix's new budget <br />will largely focus on originals. This year's projection is an increase from $15.3 billion spent in 2019. The brand's spending will reportedly top $26 billion by 2028. Despite the rise of competing streaming services, Netflix has maintained steady subscriber growth. BMO Analyst Dan Salmon, via 'Variety' In 2019, Netflix debuted a record of <br />802 hours of original programming and <br />landed 24 Academy Awards nominations.
