Netflix to raise US$1 billion to fund original content

By

As lockdowns drive up customer numbers.

Netflix to raise US$1 billion to fund original content
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 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
financial servicesnetflix

Sponsored Whitepapers

Wasabi Reveals Hidden Costs and Cloud Storage Shifts in ANZ for 2025
Wasabi Reveals Hidden Costs and Cloud Storage Shifts in ANZ for 2025
Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks
Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks
Protect APIs. Protect Your Business.
Protect APIs. Protect Your Business.
KnowBe4 Benchmark Report: Reducing Human Risk & Phishing Vulnerability in ANZ
KnowBe4 Benchmark Report: Reducing Human Risk & Phishing Vulnerability in ANZ
Modern Identity for SAP and Beyond: Replace SAP IDM with Saviynt
Modern Identity for SAP and Beyond: Replace SAP IDM with Saviynt

Events

Most Read Articles

ANZ's group executive of technology Gerard Florian to retire

ANZ's group executive of technology Gerard Florian to retire
How NAB unwound Teradata's 'tentacles' to decommission it

How NAB unwound Teradata's 'tentacles' to decommission it
NAB approved to use serverless in data environment

NAB approved to use serverless in data environment
NAB brings Pete Steel into new digital, data and AI exec role

NAB brings Pete Steel into new digital, data and AI exec role
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?