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posted by martyb on Friday October 26 2018, @07:54PM   Printer-friendly
from the more-original...than-what? dept.

Netflix to raise $2 billion in debt to fund more original content

Netflix’s commitment to growing its original content collection will see the company again returning to debt markets to raise more financing, the company announced today. According a release published to its investors site, Netflix says it plans to raise $2 billion to help fund new content, including “content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.”

[...] “We recognize we are making huge cash investments in content, and we want to assure our investors that we have the same high confidence in the underlying economics as our cash investments in the past. These investments we see as very likely to help us to keep our revenue and operating profits growing for a very long time ahead,” the letter to shareholders read.

Netflix also pointed to the increasing competition in the industry as one of the reasons why original content investment was so critical, adding that it didn’t only compete with linear TV, YouTube, gaming, social media, DVDs and pay-per-view, but with a number of new and upcoming streaming services, as well.

“Content companies such as WarnerMedia and Disney/Fox are moving to self-distribute their own content; tech firms like Apple, Amazon and others are investing in premium content to enhance their distribution platforms,” the letter also stated. “Amid these massive competitors on both sides, plus traditional media firms, our job is to make Netflix stand out so that when consumers have free time, they choose to spend it with our service,” it had said.

Original Submission

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  • (Score: -1, Offtopic) by Anonymous Coward on Friday October 26 2018, @09:32PM (2 children)

    by Anonymous Coward on Friday October 26 2018, @09:32PM (#754243)

    But it was OK when the big O cut 12 Trillion in that stuff. Shipped pallets of cash to Iran and played funny with the budget to make sure an audit did not happen (you can look it up in the budget if you think it is 'conspiracy'). But what ever orange man bad right?

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  • (Score: 1, Interesting) by Anonymous Coward on Friday October 26 2018, @09:36PM (1 child)

    by Anonymous Coward on Friday October 26 2018, @09:36PM (#754246)

    Have you ever once considered that not everyone who hates Trump must have liked Obama? Have you ever once considered that, you sniveling little partisan hack?

    • (Score: 4, Insightful) by ikanreed on Friday October 26 2018, @10:10PM

      by ikanreed (3164) on Friday October 26 2018, @10:10PM (#754264) Journal

      I thought Obama was fine.

      But you're right, though, about the hackery. If we could take everyone who posts of the form "This thing where you're replying to one very specific conception that's possibly factually wrong? WHAT ABOUT THIS AT BEST TANGENTIALLY RELATED THING THAT ADDRESSES THE ACTUAL TOPIC AT HAND IN NO WAY" and shove them in an incinerator, every political party would be massively improved, and one major one would be 1 tenth the size.