Netflix spent $15bn on content last year. The BBC's total content budget was $3bn.
US content budgets were always bigger (bigger market!) but they've exploded in recent years. And in the past they sold the output to UK broadcasters, but now they go direct
US content budgets were always bigger (bigger market!) but they've exploded in recent years. And in the past they sold the output to UK broadcasters, but now they go direct
https://twitter.com/steve_race/status/1362885615285583872
Netflix and Amazon are now spending as much on original content as any of the traditional US media companies. And going direct. 
On some measures Netflix is spending more on content than ALL broadcasters in the UK, France, Germany, Spain and Italy combined.
That is one reason for charts like this. 16-24 year olds in the UK probably now spend more time watching Netflix than *all* live TV. I love the BBC, but this raises a lot of big questions.
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