Netflix programming spend twice as high as entire Australian production market, claims report

Global streaming giant Netflix spent more than twice as much on original programming as the entire Australian TV market, a new report has claimed.
Figures released in the World TV Production Report 2016 claim Netflix spent US$4.91bn on new programming in the last year, compared to Australia’s total market spend of US$2.4bn.Overnight, Netflix announced it had broken the US$2bn subscriber revenue mark for the first time in the previous quarter, globally, crediting its strengthened