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Netflix to spend $1bn in UK in 2020 on TV shows and films

Exclusive: streaming giant doubles 2019 budget as Disney also invests in production facilities at Pinewood Studios

Netflix will boost its spend on making TV shows in the UK to $1bn (£750m) this year as the streaming giant maintains the breakneck pace of its production pipeline despite the coronavirus pandemic.

Netflix, which makes shows from The Crown to Sex Education in the UK, has increased its budget by 50% from the £600m it spent on British-made films and TV shows last year. Netflix UK originally estimated a spend of $500m (£400m) last year, but ended out investing £500m.

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from Culture | The Guardian https://ift.tt/2UYTLzl
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