After Tiger King, Netflix seeks $1 billion loan to make more original content

After Tiger King, Netflix seeks $1 billion loan to make more original content


Netflix clearly doesn’t want the coronavirus (COVID-19) pandemic to get between you and your stories: The streaming giant plans to raise around $1 billion in debt to fund new content, Reuters reports. The Los Gatos-based streaming monster reportedly said it would use the money to finance original content and make acquisitions where necessary. The outlet noted Netflix currently owes around $15 billion. [Read: How to avoid accidental skips with Netflix’s new ‘screen lock’ feature] The move comes in hot on the trails of Netflix‘s quarterly earnings published on Tuesday, in which the company reported 15.77 million new paid subscribers had swelled…

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