Netflix Puts Themselves $3bn In Debt To Focus On Original Programming

It is no secret that Netflix is starting to introduce more original content in its offerings. However it seems that the company believes that its original programming could be huge, so much so that it seems that they are willing to put themselves in $3 billion worth of debt to help further their efforts.

This is according to a report from Variety who revealed that Netflix said that they are raising $1 billion through a new debt offering, which when combined with its previous debt of $2.37 billion, puts them over $3 billion in long-term debt. Whether or not their bet on original programming is successful remains to be seen, but so far it seems that most of Netflix’s offerings have been pretty well-received.

The company has launched a slew of hit series, such as Marvel’s Daredevil, Jessica Jones, and Luke Cage. They also have other hit shows like Orange is the New Black, House of Cards, Narcos, Stranger Things, and come 2017 we can expect even more shows from them such as Marvel’s Iron Fist and the Punisher.

Recently Netflix had even promised that they plan to release over 1,000 hours of original programming in 2017, almost twice the amount that they released this year which was around 600 hours. No doubt this is a huge undertaking but what do you guys think? Do you think that Netflix’s bet will pay off?

Tyler Lee
Categories: General
Tags: Netflix