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Trends and Insights

10 Jan 2024

Netflix Cuts Spending on New Content, Focuses on Quality

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Netflix has reduced its content spending [from $4.8 billion to $3.2 billion]( and released around 130 fewer original programs, a 16% drop, compared to the previous year. The streamer is shifting away from its 2020 strategy of releasing a new movie weekly to a 'quality over quantity' approach amid competition from Disney, Paramount, HBO, and Peacock.