Netflix is raising its prices on streaming video subscriptions as it gets more expensive to produce original content. This year, Netflix will spend $6 billion and even more in 2018.
Netflix spends more than any other streaming service on content
It’s also raising its prices.
Rani Molla was a senior correspondent at Vox and has been focusing her reporting on the future of work. She has covered business and technology for more than a decade — often in charts — including at Bloomberg and the Wall Street Journal.
That’s $1.5 billion more than its competitor Amazon Prime Video and more than two times as much as HBO and Hulu spend (though Hulu only operates the U.S., so its costs should be lower).
Streaming services are competing not only with each other but also with traditional cable channels for customers. Judging by streaming services’ showing at this year’s Emmy’s, the spending is paying off.
This article originally appeared on Recode.net.
