Netflix Spent $13.5B on Original Content During Past Year

Over the 12 months ending Sept. 30, Netflix spent $13.5 billion to produce original content for its streaming service.

The company hopes the programming will attract enough new subscribers to cover the cost of all that production. But they’re not there yet. Netflix lost $2.9 billion during those last 12 months.

Adding to the company’s challenge in the coming year will be competition from both Disney and Apple. Both companies are launching new streaming services on their own.

Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author. Scott Rasmussen’s Number of the Day is published by Ballotpedia weekdays at 9:00 a.m. Eastern. Columns published on Ballotpedia reflect the views of the author.

Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.