Netflix reveals record-breaking UK production spend of $1bn in 2020

Netflix is poised to have increased its spending on UK productions by more than half to £750m ($1bn) in 2020, despite the disruption to its pipeline of shows caused by Covid-19.

The streaming giant makes original shows including The Crown and The Witcher in the UK and has increased its budget by 50% during 2020 on the £500m that it spent on British-made productions in 2019. The extra investment comes after Netflix spent £100m over its originally estimated £400m last year.

Source: Netflix reveals record-breaking UK production spend of $1bn in 2020