Netflix Pledges to Eat $3 Billion in Debt for Original Programming

By Eve Peyser

Netflix announced in a press release on Monday that the company would be taking on another $800 million in debt in order to create more original content. Netflix is already in $2.37 billion of debt to further Netflix’s vision of being 50 percent original content. Chief content officer Ted Sarandos announced in January that the company planned to invest …

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Source:: http://feeds.gawker.com/~r/gizmodo/full/~3/LWNp8jA8qAU/netflix-pledges-to-eat-3-billion-in-debt-for-original-1788167264

      

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