Netflix ups their budget to stay ahead of the game

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CNN - Netflix says it plans to spend $8 billion to keep its subscribers happy in 2018.

That's money going to new and original content.

Netflix spent $6 billion on content last year.

The announcement comes after the streaming company gained 5 million new subscribers this year and also said it was going to raise prices for its services.

A company spokesman says Netflix wants to stay ahead of the competition in the decades to come.

Apple, Amazon and Facebook are all trying to expand their own streaming services.