Netflix Considering Spending $100 Million On Original Videos

Posted Mar 15, 2011

Netflix, Inc. (NASDAQ:NFLX) is facing immense competition from companies like Hulu, Redbox, Apple, Google, etc. In order to distinguish themselves from others, they are considering to spend $100 million on original video content. As a matter of fact, Netflix is starting out by investing in an original series called “House of Cards” directed by David Fincher and Kevin Spacey. Netflix outbid other TV networks, including HBO and AMC to get their hands on the series. [BusinessInsider]