Netflix will spend somewhere between $7 billion and $8 billion on content in 2018, up from $6 billion this year.
Now, it seems they’re setting their sights on doing the same for the film industry.
If Netflix can pave the way for prestige films to air exclusively online, as it’s already done with television, Hollywood studios will have to fight even harder to drive audiences to theaters.
“We just have to focus on creating content that our members can’t live without…