And that massive total isn’t exactly surprising in-context, since we all know that Netflix has been spending billions of dollars every year in developing new projects, acquiring currently airing TV shows, reviving previously cancelled TV shows, and renewing seasons for the host of series that are already part of the current content slate.
And for what it’s worth, about $1.7 billion of that comes from the programming that Netflix owns full global rights to.
I legitimately can’t picture what $11 billion would look like in physical form, since zeroes are a lot easier to conceive than stacks of hundred-dollar bills.