Netflix is raising $1.6B in debt as its content costs balloon
https://techcrunch.com/2017/10/23/netflix-is-raising-1-6b-in-debt-as-its-content-costs-balloon/
Netflix today said it was raising a very large lump of debt for the typical laundry list of uses that you’ll find in a filing with the SEC — though, the timing comes as its content costs may hit as much as $8 billion next year.
The announcement comes off a strong earnings report last week, where Netflix once again beat expectations for its subscriber growth. The company also said it expects to spend between $7 billion and $8 billion on original content in 2018, up from around $6 billion on original content this year. To be sure, original content — and racking up those Emmy awards — is critical to Netflix’s future as it looks to convert those high-quality shows (and high Metacritic scores) into new subscribers.