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A comment on Netflix Plans to Cut Spending by $300M in 2023. Parent comment

Re:Netflix Plans to Cut Spending by $300M in 2023 by nickff on Friday May 12, 2023 @07:46PM (#35923921)
If you look at the complaints about Netflix, most of them relate to content, not tech. This suggests that they've under-invested in content, and over-invested in tech.
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Re:Netflix Plans to Cut Spending by $300M in 2023 by curiousDog on Friday May 12, 2023 @07:53PM (#35923963)
Disagree, total content spend the last 4 years has been ~18bn/year compared to ~500m/yr on all employee R&D. That's shows there's a content quality problem not a content underinvestment.
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Re:Netflix Plans to Cut Spending by $300M in 2023 by nickff on Friday May 12, 2023 @08:14PM (#35924107)
According to their latest annual statement (2022), they spent 2.7 billion USD on "Technology & Development". Where are you getting the 500 million figure?

https://s22.q4cdn.com/959853165/files/doc_financials/2022/ar... page 23

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