Oct 23, 2017

Netflix to raise another $1.6bn to finance new films and shows

Netflix is raising another $1.6bn from investors to finance new shows and possibly make acquisitions. 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. Earlier this month, Netflix said it would raise prices in countries including the UK and US for the first time in two years. The price rises come as Netflix faces growing competition from Amazon and other sites such as Hulu and Disney in the US. Netflix has spent heavily on original programming such as The Crown, Stranger Things and House of Cards.

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