Netflix announced in a press release on Monday that the company would be taking on another $800 million in debt in order to create more original content. Netflix is already in $2.37 billion of debt to further Netflix's vision of being 50 percent original content. Chief content officer Ted Sarandos announced in January that the company planned to invest $6 billion total in creating its own movies and TV shows. So it's half way there.
Netflix announced in a press release on Monday that the company would be taking on another $800 million in debt in order to create more original content. Netflix is already in $2.37 billion of debt to further Netflix's vision of being 50 percent original content. Chief content officer Ted Sarandos announced in January that the company planned to invest $6 billion total in creating its own movies and TV shows. So it's half way there.
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