Netflix, everyone loves it, there are some great shows, there are some incredible shows, but it comes at a cost and according to the LA Times. Netflix are in $20 Billion worth of debt. Yes you read that correctly, it’s BILLION with a B!
LA Times are reporting that, Netflix hopes that more original shows will capture more subscribers to fend off competition from Amazon and Hulu by expanding their original programming. Resulting in Netflix churning through cash at an amazing rate. LA Times are reporting that the company is pouring money into prestige projects and expects to spend at least $6Billion this year. They are betting that debt financing in the near term will create growth and yield big results down the road.
It’s a pretty hefty read but if you want to know more about Netflix and their numbers head on over to the LA Times!
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