Netflix is spending $6 billion on content this year and 'a lot more' in future, CEO says
Netflix plans to spend $6 billion on original content in 2017, and that number is going up "a lot" in the future, CEO Reed Hastings told CNBC. "As we grow the membership base, we want to grow the current budget," Hastings said on Wednesday, at the Code Conference in Rancho Palos Verdes, California. "There are so many great shows we don't have yet."...