Netflix plans to raise $2 billion to fund new

20 November 2024

Netflix plans to raise $2 billion to fund new content

01:50 23 October 2018 Read: 1426

Netflix plans to raise $2 billion to fund new content

Netflix Inc said on Monday it plans to raise about $2 billion in debt to fund original shows, acquire content and for possible acquisitions, Reuters reports.

The streaming giant said the debt will be in the form of senior notes denominated in U.S. dollars and euros.

Netflix, which plans to spend more than $8 billion in entertainment programming this year, reported blockbuster third-quarter results last week as heavy investment in original shows lured more customers to its fold.

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