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The Economist (June 30)

2018/ 07/ 02 by jd in Global News

Netflix content now “consumes 20% of the world’s downstream bandwidth.” Once a DVD rental service, Netflix has become “the world’s first global TV powerhouse. This year its entertainment output will far exceed that of any TV network; its production of over 80 feature films is far larger than any Hollywood studio’s.” Netflix plans to spend an additional $3 to $4 billion on content this year. “That extra spending alone would be enough to pay for all of HBO’s programming—or the BBC’s.”