Amid slowing U.S. growth, Netflix spends $200 million on an action flick and makes the most expensive drama in recent years
Netflix Inc. is spending hundreds of millions of dollars to produce big-budget films as it attempts to shore up its subscriber base and push further into territory once controlled by major Hollywood studios.
The streaming giant is investing more than $520 million to make three big-budget films, according to people familiar with movie budgets. None of those movies is likely to get the kind of wide theatrical release typically used to make such substantial investments pay off.
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