Netflix Taking Additional $1B Debt to Finance Original Content
Netflix's future is with original series, 特价, 和电影, and the global streaming network is taking on additional debt to boost its supply.
今天早些时候, Netflix issued a press release saying that it would raise $800 million through the sale of 10-year notes. Bloomberg reports the amount has already been increased to $1 billion due to investor demand.
而 Netflix is saying the funds will be used for "general corporate purposes" such as content acquisitions, capital expenditures, 和投资, the consensus is Netflix needs more money to finance its original content initiatives, which require more money upfront.
Netflix has actively been moving away from a licensed content model to an original content model for years. Licensed content from major studios is expensive, 有时间限制的, and rarely includes global distribution rights. Original content, on the other hand, is global and permanent. Considering Netflix's string of popular originals, it's also something the company does extremely well.
而 Netflix already has $2.4 billion in long-term debt, 傻瓜说 别担心. The company has a market cap of around $40 billion and $1.8 billion in cash. CBS, it notes, has $9.5 billion in long-term debt and a market cap of under $23 billion. Viacom has long-term debt of $12.3 billion and a market cap of $15.60亿年.
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