Netflix Execs: ‘The Crown’ And Comedy Help Justify Growth In Content Spending

READ ON: Deadline
With its growing investments in original programs,
Netflix expects to burn about $2 billion of its cash flow this year — up from $1.7 billion last year — execs said in a quarterly conference call with Wall Street. But they insist that it’s money well spent because it helps the company control its destiny. “It’s a good thing for the shareholder,” CFO David Wells says. “We control more of the rights and the global advantages.” Chief Creative Officer Ted Sarandos adds that…