Amazon and Netflix vs Movie Studios

Frederic Filloux writes about the culture shock of Netflix vs the Cannes Film Festival, which has a great story about how the excellent film Okja got booed loudly when the opening credits showed it was produced by Netflix.

But the most interesting part of the piece is the spending estimates.

…the six major Hollywood studios (Disney, Warner Bros., Universal, Paramount, Sony and 20th Century Fox) and the so-called “mini-majors” (DreamWorks, Lionsgate, Weinstein Co., CBS), spent altogether $7B to make movies in 2015.

Amazon and Netflix are estimated to spend $10.5B on original content in 2017.