Netflix is issuing another $2 billion of junk bonds to fund its cash-burning content business

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Netflix issued Monday a new $2 billion junk bond to fund its cash-burning content business. Shares dropped 1.26% on the news.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So here is a company that is adding subscriptions at rapid pace but burning cash on creating original content....clearly raising the subscription rates is a reality not too far away. Me thinks...

Canada Canada Latest News, Canada Canada Headlines