Netflix Raising $2 Billion for More Original Content
The streaming giant will raise $2 billion
in debt to create more quality
original programming. This will add to the growing debt the company already holds, which is nearly $12 billion. The move comes as the streaming competition heats up with Disney planning on launching its own service. Netflix wants to make sure it has enough capital to keep increasing subscriber growth. In its Q3 earnings report,
in debt to create more quality
original programming. This will add to the growing debt the company already holds, which is nearly $12 billion. The move comes as the streaming competition heats up with Disney planning on launching its own service. Netflix wants to make sure it has enough capital to keep increasing subscriber growth. In its Q3 earnings report,