Netflix Is Reportedly $20 Billion In Debt

posted by Muthaknows - 

On Monday, Los Angeles Times revealed that Netflix is spending so much money on original content and that has resulted in a $20.54 billion. Netflix has accumulated a hefty $20.54 billion in long-term debt and obligations in its effort to produce more original content. The Los Gatos, Calif.-based company hopes more new shows will capture more subscribers, its primary revenue driver. It’s also under pressure to keep spending on new shows as streaming rivals such as Amazon and Hulu expand their own slates of original programming.

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