Netflix plans to spend $8 billion on 700 original TV series and movies in 2018

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Netflix plans to add around 700 original movies and TV series to its line-up this year, totalling a spend of $8 billion. That’s two-thirds the GDP of North Korea. These plans were detailed by Netflix CFO David Wells at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco. It represents a healthy jump …

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