A display device and a manufacturing method thereof are provided. The display device includes a first liquid crystal panel for displaying a picture, a second liquid crystal panel for switching between a privacy mode and a sharing mode, and a back light assembly for emitting light; the second liquid crystal panel is disposed on a light-emitting side of the back light assembly; the first liquid crystal panel is disposed on a side of the second liquid crystal panel away from the back light assembly, and a spacer film is disposed between the first liquid crystal panel and the second liquid crystal panel, and is attached to the second liquid crystal panel.