Netflix is doubling-down on European content, with $1 billion to spend on new shows and movies

INSUBCONTINENT EXCLUSIVE:
In a move that's sure to please subscribers but annoy traditional broadcasters, Netflix is reportedly doubling its budget for European
Netflix has not commented on the figure, the news comes only hours after an announcement that the service would be launching 10 new European
productions, including seven shows, two documentaries and a movie.It's a good time for Netflix to expand its content plans, too
year-on-year, with a new record of $3.7 billion earned in the quarter.Acccording to Business Insider, the growth is driven in large part by
the service's investment in local-language content