Netflix borrowing $2 billion in content war

[Hanno Labuschagne]

Netflix borrowing $2 billion in content war

Netflix Inc. is selling bonds as it continues to bolster its original content in the face of expanding competition.

The company is offering around $2 billion of bonds between dollars and euros, according to a statement Monday. The proceeds of the sale will be used for general corporate purposes, which may include content acquisitions, production and development and potential acquisitions.

Netflix is issuing debt after reporting earnings that beat analyst estimates and saw overseas growth that helped sooth investors’ concerns about a slowdown at home.

 

[^^vampire^^]

Fook me, who is watching so much **** on Netflix that they need more content. I spend more time trying to choose something than actually watching anything nowadays.

 

[supersunbird]

Fook me, who is watching so much **** on Netflix that they need more content. I spend more time trying to choose something than actually watching anything nowadays.

You misunderstand, it's to deal with the current and future competitors and the content those competitors own.

 

[^^vampire^^]

You misunderstand, it's to deal with the current and future competitors and the content those competitors own.

Ahhhh ok. No surprise I didn't read the article. Shame on me I know.