Streaming takes over TV production: Netflix and Amazon 'outspending traditional networks'
Online entertainment platforms Netflix and Amazon are now spending more on programmes than traditional television networks, said a new study published Monday.
Analysts said the two streaming giants spent $7.5 billion (6.6 billion euros) last year on their own series and shows, far more than big players such as the BBC and even ahead of US networks like CBS, HBO and Turner.
Netflix and Amazon more than doubled their expenditure on programming from 2013 to 2015, IHS Markit said in the first findings of its new production report released to coincide with the MIPCOM world entertainment trade... read more
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