China is now the world’s second-highest spender on TV shows after the US
August 20, 2018 at 11:59 AM EDT
China is now the world's second-highest spender on television shows after the U.S., with its annual expenditure hitting $10.9 billion in 2017. It beat the U.K., with a spend of $10 billion, into second place, according to a report by analyst IHS Markit. Both countries' program spend is dwarfed by the U.S., which spent $58.3 billion on content.
