Netflix to raise US$1 billion to fund original content

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Netflix to raise US$1 billion to fund original content

As lockdowns drive up customer numbers.

Netflix said on Wednesday it plans to raise about US$1 billion in debt to beef up original content, a day after the streaming pioneer doubled its own projections for new customers as stuck-at-home users binged on movies and shows. Shares of the company were down 3 percent at US$420 in morning ...

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