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posted by martyb on Tuesday October 24 2017, @11:03PM   Printer-friendly
from the can't-show-what-you-ain't-got dept.

Netflix is raising another $1.6bn (£1.2bn) from investors to finance new shows and possibly make acquisitions.

The video streaming service plans to spend up to $8bn on content next year to compete with fast-growing rivals.

Netflix will issue bonds to investors, although the interest rate it will pay has yet to be decided, the company said in a statement.

Netflix plans to release 80 films next year, but some analysts are wary about its cash burn and debt interest costs.

The company's latest debt fundraising is its largest so far, and the fourth time in three years it has raised more than $1bn by issuing bonds.

Earlier this month, Netflix said it would raise prices in countries including the UK and US for the first time in two years.

Has Netflix added enough original material to make up for the licensed content they've dropped and the price increase they mean to enact?


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  • (Score: 2) by Grishnakh on Thursday October 26 2017, @02:18AM

    by Grishnakh (2831) on Thursday October 26 2017, @02:18AM (#587671)

    I don't disagree about the convenience that Netflix offered. But it just isn't as good any more; too much content has disappeared, and they're focusing more on their own in-house stuff. So for some, that could very well drive them back to BT.

    Also, I'm not sure how "curating a library" takes much time. Finding stuff and downloading it takes some time, but once it's downloaded, you just stick it on your media server or whatever and you're done with it. But yeah, setting up a fancy system with remote to view that library would take some time to set up. Surely a Roku or something like that could connect to a NAS and give you library access that way?

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