YouTube Holds Spending for TV, Films While Rivals Bulk Up
- Google leaning more on YouTube TV, music for subscription bump
- Streaming rivals continue to pour cash into original content
Photographer: Kiyoshi Ota/Bloomberg
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YouTube is hitting the pause button on its Hollywood expansion.
As Netflix Inc. and Amazon.com Inc. pour ever-larger sums into TV and movie production, Google is holding spending at current levels for its YouTube Red streaming service for the next two years, people with knowledge of the matter said. That’s leading producers to question the company’s strategy.