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“Netflix’s growth has been spurred by a slew of original shows, including Narcos, The Crown, and Jessica Jones. But to keep the hits coming, Netflix has been paying big bucks. Chief Content Officer Ted Sarandos has said the company will spend $8 billion on content this year — directly in line with competitors like Time Warner, Disney, and Fox when it comes to non-sports programming.” It’s a risky strategy. But it’s one that the market seems to like. As of today, Netflix is worth more than Disney and Comcast.

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