Netflix plans to add its $ 1.5 billion debt to expand its original video content

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Netflix said it plans to increase its US $ 1.5 billion debt to be used to enrich its original video content. If true this is the second time Netflix owes in the last year. Earlier in October, they owed the US $ 1.6 billion to enrich its original content. From this original content, they hope to increase their customer growth worldwide.

While this Netflix plan was a success because it managed to pass Wall Street estimates of the growing number of customers. The growth is quite strong, among others thanks to a number of their original series such as Altered Carbon and Jessica Jones.

During 2018 itself Netflix expects to spend the US $ 8 billion for content creation. Based on the latest financial statements, Netflix currently has fresh funds of US $ 2.6 billion.


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