Netflix offers another $2 billion in debt to fuel content spending for the second time in 7 months
https://www.cnbc.com/2019/04/23/netflix-offers-another-2-billion-in-debt-to-fuel-content-spending.html
Netflix plans to offer about $2 billion in debt to fuel its spending on content and other expenses, the company announced in a statement Tuesday. The stock dipped slightly negative on the news, which comes after another $2 billion offering as recently as October.
The move comes as Netflix faces increased competition in the streaming space, and will help fund its purchases of new shows and movies for the service.
Netflix offers another $2 billion in debt to fuel content spending for the second time in 7 months
Apr 23, 2019, 2:46pm UTC
https://www.cnbc.com/2019/04/23/netflix-offers-another-2-billion-in-debt-to-fuel-content-spending.html
> Netflix plans to offer about $2 billion in debt to fuel its spending on content and other expenses, the company announced in a statement Tuesday. The stock dipped slightly negative on the news, which comes after another $2 billion offering as recently as October.
> The move comes as Netflix faces increased competition in the streaming space, and will help fund its purchases of new shows and movies for the service.