Netflix now spends more on programming than Viacom -- and it has Disney in its sights

Netflix’s streaming video service began as a place to watch episodes of old TV shows and obscure movies. But those days are long past. The company first used major deals with the likes of Sony and Disney to improve its offerings. More recently, it’s been ramping up the production of original shows, such as “Stranger Things” and “Black Mirror.”

As the company has focused on improving its streaming offerings, it’s been spending increasing amounts on acquiring and producing content. In fact, Netflix’s content spending has gotten so huge, it’s now in the same ballpark as that of some of thetop entertainment companies, as this chart by Statista, which was compiled from a recent Recode report, shows.

The list of top spenders on programming could see some major upheaval in coming years. Not only does Netflix plan to keep increasing its budget, but Amazon, Hulu, Apple,and others are all looking to beef up their video efforts.

Chart of the DayBusiness Insider/Jenny Cheng

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at