Netflix and Amazon Outspend CBS, HBO and Turner on TV Programming, IHS Markit Says

Dateline City:
London
Multimedia
Annual expenditure on programming by group ($bn)
Contacts
Economics & Country Risk; Aerospace, Defense & Security; Technology
Amanda Russo, +44 208 276 4727
amanda.russo@ihsmarkit.com
or
All Industries
IHS Media Relations, +1 303 305 8021
press@ihs.com

TV programme producers adapt to the era of internet TV

LONDON (17 October 2016) – Online platforms Netflix and Amazon have ramped up their investment in programming, spending $7.5 billion last year—more than CBS, HBO, Turner and most countries, including South Korea and Australia.

Between 2013 and 2015, Netflix and Amazon more than doubled their annual expenditure on programming. In 2013, Amazon spent $1.22 billion; that jumped to $2.67 billion in 2015. In the same timeframe, Netflix spending rose from $2.38 billion to $4.91 billion.

Language:
English

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