Netflix to raise $1 billion to fund new shows
) said on Wednesday it plans to raise about $1 billion in debt to beef up original content, a day after the streaming pioneer doubled its own projections for new customers as stuck-at-home users binged on movies and shows.
Netflix plans to use some of the cash to acquire content and for possible acquisitions, positioning itself as major U.S. studios halt productions and delay film releases due to the coronavirus-led lockdowns. That threat has pushed Netflix, with about 183 million global subscribers, to aggressively expand its content and look overseas for growth.
The current quarter slate includes the Chris Hemsworth starred action movie “Extraction,” sitcom “#blackAF,” comedy show “Space Force” and reality dating series “Too Hot to Handle.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix To Raise $1 Billion In Debt SaleNetflix said Wednesday it plans to offer $1 billion in senior notes to raise fresh cash. Netflix said it intends to use the net proceeds from the offering “for general corporate purposes, whi…
Read more »
Billionaire Candidate Spent Over $1 Billion on His Presidential CampaignMichael Bloomberg spent over $1 billion on a 104-day presidential campaign that saw him win a total of 55 delegates
Read more »
Crude oil is back above $1 after the oil market's worst day on recordThe global coronavirus pandemic has brought countries around the world to a standstill. Here's the latest updates on worldwide Covid-19 cases, deaths, government responses, and more.
Read more »
Cardi B Is Donating $1 Million For Coronavirus ReliefAnd eight other times she was the politician we need right now.
Read more »
Mike Bloomberg spent more than $1 billion on four-month presidential campaign according to filingMike Bloomberg spent more than $1 billion on roughly 100-day presidential run, according to a new Federal Election Commission filing. He won 55 delegates in the primary, and only one contest, in American Samoa, spending roughly $18 million per delegate.
Read more »
Michael Bloomberg Poured Over $1 Billion Into His Presidential CampaignBloomberg dropped out of the race on March 4, a little more than 3 months after he launched his campaign.
Read more »