BREAKING NEWS

BREAKING NEWS

Netflix plans to raise $2 billion to fund new content

Now Reading :

Netflix plans to raise $2 billion to fund new content

Netflix plans to raise $2 billion to fund new content
@ Copyright :
Mike Blake(Reuters)
Text size Aa Aa

(Reuters) - Netflix Inc <NFLX.O> said on Monday it plans to raise about $2 billion in debt to fund original shows, acquire content and for possible acquisitions.

The streaming giant said the debt will be in the form of senior notes denominated in U.S. dollars and euros.

Netflix, which plans to spend more than $8 billion in entertainment programming this year, reported blockbuster third-quarter results last week as heavy investment in original shows lured more customers to its fold.

(Reporting by Akanksha Rana in Bengaluru; Editing by Saumyadeb Chakrabarty)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.