How much money can Netflix and Amazon spend on content acquisition?
A “terrifying” amount, according to Andy Cohen, executive producer of Bravo’s “Real Housewives” franchise.
“It’s the Wild West right now,” Cohen told CNBC. “We’re not only competing with the 500 other cable channels, but Netflix and Amazon, who seem to have unending bales of money.”
In January, Netflix chief content officer Ted Sarandos said the company planned to spend $5 billion on content, both original and acquisitions. Netflix has about 81 million subscribers and a host of unique offerings, including “House of Cards,” “Orange is the New Black” and the Golden Globe-nominated film Beasts of No Nation.
Amazon’s Instant Video service is offered to its 58 to 69 million Prime subscribers, and about 60 percent of them use it. The delivery giant also has original content, such as award-winning series “Transparent” and “Mozart in the Jungle.”
With so many choices available to viewers, and so much money in play, it’s no wonder Hollywood feels threatened by streaming services.
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