Netflix spent over $135 billion on film, TV over last decade


FILE PHOTO: A 7-meter-tall statue of Young-hee, a doll from the South Korean Netflix series "Squid Game", is displayed during a promotional event at Chiang Kai-shek Memorial Hall Square in Taipei, Taiwan June 29, 2025. REUTERS/Ann Wang/File Photo

May 12 (Reuters) - Netflix has ⁠invested over $135 billion in films and television series over ⁠the past decade, the company said on Tuesday, ‌underscoring the dominance of the streaming giant and the growth of on-demand entertainment.

During the same period, Netflix contributed more than $325 billion to the global economy ​and created over 425,000 jobs on productions, ⁠it said.

The Los Gatos, ⁠California-based company is one of the world's largest video streaming ⁠platforms, with ‌over 325 million paid members as of the end of 2025, having pioneered at-home video entertainment and ⁠producing original intellectual properties that have dominated popular ​culture.

"Today we’re launching ‌the Netflix Effect — a comprehensive look at the economic, ⁠cultural and social ​impact of our films and series, and how it ripples out across economies, industries and everyday life, day after day, week ⁠after week," said Netflix co-CEO, Ted Sarandos.

The ​company has licensed films and series from more than 3,000 companies including public broadcasters, it said.

Non-English language titles represent more than ⁠a third of all viewing, compared to less than a tenth a decade ago, Netflix said. Non-U.S. films and series such as "Money Heist," "Squid Game" and "KPop Demon Hunters" have drawn large ​global audiences.

Last month, Netflix's chairman and co-founder ⁠Reed Hastings decided to exit the company at a time ​when the firm is looking for new ‌avenues of growth such as ​gaming and live entertainment while grappling with slower sales.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Tasim Zahid)

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