Meanwhile, global effects from the US streaming war US budgets were always bigger, but they sold the shows abroad: Netflix goes direct 2019 content budget, $bn 25 20 Amazon 15 Spain Italy 10 France Netflix Germany 5 UK 0 Streaming Top 5 European markets Source: Netflix, UBS, Ofcom/IHS Markit Benedict Evans –– January 2020 45
2020 Ben Evans at Davos Page 44 Page 46