Netflix Pledges To Eat $3 Billion In Debt For Original Programming

Eve Peyser, Gizmodo
Mon, 10/24/2016 - 4:41pm

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.

Topics: netflix s ted sarandos january tv eat billion debt original content announced company

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Netflix Pledges To Eat $3 Billion In Debt For Original Programming

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