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Netflix will raise $2 billion to pay for more original content

Postby bmh67wa » Mon Oct 22, 2018 6:30 pm

Story : https://www.engadget.com/2018/10/22/netflix-raising-2-billion-dollars-for-origin





It's hard to deny that Netflix is a powerhouse when it comes to original content. The company wants to ensure it remains on top, though, and to do that it's willing to go into debt. Netflix announced today that it plans to raise $2 billion in debt (rather than offering equity in the company) to fund "general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions," according to a release.







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