A Close Look at Netflix, Inc.'s Massive Content Budget

A Close Look at Netflix, Inc.'s Massive Content Budget

Apple (NASDAQ: AAPL) turned heads earlier this month, when The Wall Street Journal reported that the tech giant had made plans to spend $1 billion on original content over the next year. While Apple's sizable foray into video content is notable, it also helps to show just how significant Netflix's (NASDAQ: NFLX) commitment to building out its content library is.

In 2017, Netflix plans to spend about $6 billion on new programming, more than any of its direct rivals. Here's a closer look at how Netflix is going big on content.

Image source: Netflix.

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Source: Fool.com