Netflix Inc said on Wednesday it plans to raise about US$1 billion in debt, a day after the streaming pioneer doubled its own projections for new ...
REUTERS: Netflix Inc said on Wednesday it plans to raise about US$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.
Most programming for 2020, and much of 2021, has already been filmed and is being finished remotely in post-production, Chief Content Officer Ted Sarandos said on Tuesday, adding that the company was working on over 200 such projects. That threat has pushed Netflix, with about 183 million global subscribers, to aggressively expand its content and look overseas for growth."Despite new services on the horizon from HBO and launches of services from Disney and Apple, we expect minimal long-term impact to Netflix subscriber addition and retention," Piper Sandler analysts wrote in a client note.
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."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix to raise US$1 billion to fund new showsNetflix Inc said on Wednesday it plans to raise about US$1 billion in debt, a day after the streaming pioneer doubled its own projections for new ...
Read more »
United Airlines sells US$1 billion of stock in fresh move to weather pandemicUnited Airlines Holdings Inc on Tuesday announced a stock offering of 39.25 million shares, sending its shares down 3per cent in extended trading.
Read more »
Netflix to raise US$1 billion to fund new showsNetflix Inc said on Wednesday it plans to raise about US$1 billion in debt, a day after the streaming pioneer doubled its own projections for new ...
Read more »
Netflix’s 2020 Originals Like ‘The Crown’ Not Impacted by Coronavirus ShutdownsNetflix will not run out of new original content anytime soon despite the industry-wide production shutdowns caused by the coronavirus pandemic.“We work really far out relative to the industry, because we launch our shows all episodes at once. We’re working far out all over the world, so our 2020 slate
Read more »
United Airlines sells US$1 billion of stock in fresh move to weather pandemicUnited Airlines Holdings Inc on Tuesday announced a stock offering of 39.25 million shares, sending its shares down 3per cent in extended trading.
Read more »
Equinix, GIC in $1.4b joint venture to build cloud data centres in JapanSAN FRANCISCO (REUTERS) - Data centre firm Equinix said on Tuesday (April 22) that it signed a joint venture worth more than US$1 billion (S$1.4 billion) with Singapore sovereign wealth fund GIC to build three data centres in Japan for the cloud computing market.. Read more at straitstimes.com.
Read more »