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China is now the second biggest spender on TV shows

China is now the second biggest spender on TV shows
[Photo: Pexels/Pixabay]

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.

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