Top US Media Groups Including Disney, Netflix Look to Spend $115 Billion in 2022: FT

The Netflix logo is seen on the Netflix, Inc. building on Sunset Boulevard, in Los Angeles on Oct. 19, 2021. Robyn Beck/AFP via Getty Images

The top eight U.S. media groups expect to spend at least $115 billion on new movies and TV shows in 2022 to attract new customers for the video streaming business, Financial Times reports.

Morgan Stanley sees The Walt Disney Co.’s investment in streaming content growing by 35 percent–40 percent in 2022.