قالب وردپرس درنا توس
Home / Entertainment / Netflix Offers Another $ 2 Billion in Debt to Increase Content Spending

Netflix Offers Another $ 2 Billion in Debt to Increase Content Spending



  Netflix Co-Founder, Chairman and CEO Reed Hastings participates in questions and answers during a Transatlantic Forum in Lille, France.

Sylvain Lefevre | Getty Images

Netflix co-founder, chairman and CEO, Reed Hastings, participates in questions and answers during a Transatlantic Forum in Lille, France.

Netflix plans to offer debt of approximately $ 2 billion to cover its spending on content and other expenses, the company announced in a statement on Tuesday. The stock fell slightly in the news before returning to positive territory. The announcement came after a bid of $ 2 billion in October.

Despite the rapid flow of cash in circulation, investors have put their money further behind the stock, an increase of around 18% over the previous 12 months. Many see content investment as a benefit to Netflix, which wants to maintain a strong position in an increasingly dense streaming market.

The company said it will use the proceeds "for general corporate purposes, which could include the acquisition, production and development of content investments, investments, working capital and potential acquisitions and strategic transactions." Netflix said the interest rates and other conditions would be the subject of negotiations between Netflix and the original buyers.

Subscribe to CNBC on YouTube.

See: Netflix content ranges from hanging with Disney, competitors, Cramer says


Source link