China is now the second biggest spender on TV shows

Get the Full StoryChina spent 10.9 billion producing TV shows, while the U.K. spent 10 billion. The U.S., however, spent 58.3 billion.

The country leaped past the U.K., making it second to only the U.S. on the amount of money it spends producing television shows, reports CNBC. In 2017, China spent 10.9 billion producing TV shows, while the U.K. spent 10 billion. Those numbers include money spent on television shows across all platforms: terrestrial, cable, and streaming-service original content. While 10.9 billion seems like a lot, that’s still dwarfed by what the U.S. spends. In 2017, American companies spent a whopping 58.3 billion on producing television shows.Read Full Story

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