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Netflix spends more than any other streaming service on content

It’s also raising its prices.

The World Premiere Of Netflix's Film's 'First They Killed My Father' During The Toronto International Film Festival
World premiere of Netflix's 'First They Killed My Father' during the Toronto International Film Festival
Photo by Emma McIntyre/Getty Images for Netflix
Rani Molla is a senior correspondent at Vox and has been focusing her reporting on the future of work. She has covered business and technology for more than a decade — often in charts — including at Bloomberg and the Wall Street Journal.

Netflix is raising its prices on streaming video subscriptions as it gets more expensive to produce original content. This year, Netflix will spend $6 billion and even more in 2018.

That’s $1.5 billion more than its competitor Amazon Prime Video and more than two times as much as HBO and Hulu spend (though Hulu only operates the U.S., so its costs should be lower).

Streaming services are competing not only with each other but also with traditional cable channels for customers. Judging by streaming services’ showing at this year’s Emmy’s, the spending is paying off.

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