Netflix wants to spend up to 15 percent of its content cash on originals
Netflix wants to spend up to 15 percent of its entire licensing budget on the production of original content within the next few years, according to Chief Content Officer, Ted Sarandos, who said at the Nomura 3rd Annual U.S. Media & Telecom Summit in New York that the company is going to keep growing its original output over the next few years, with the goal of roughly doubling the number of titles within the next 18 months.