Netflix plans to borrow $2 billion for new content as streaming wars heat up by skleb1234
The move comes at a time when Netflix needs extra funding for a content budget that analysts project will hitNetflix will continue to spend billions on new content, as it faces rising threats from rivals like Apple, Disney, NBCUniversal and WarnerMedia—who are all rolling out their own streaming platforms.
With the streaming wars ramp up, Netflix now expects to burn through $3.5 billion in cash this year, although CEO Reed Hastings said in alast week that the company is moving “slowly toward” toward positive free cash flow. The streamer routinely raises debt—eight times in the last five years raising over $1 billion—to help grow its business, with the last time being
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