Netflix Stops Borrowing

[PGage]

I remember a thread on this list at the time debating Netflix’s strategy of building streaming content as fast as possible, before the mega media companies could head them off, by borrowing heavily. A decade, and Sixteen Billion dollars of debt later:

“Netflix has reached a financial milestone: It no longer needs to borrow money.

Netflix announced Tuesday in its fourth-quarter earnings report that it would not “need to raise external financing for our day-to-day operations,” a significant move for the heavily indebted company.”

https://www.nytimes.com/2021/01/19/business/netflix-earnings-debt.html?referringSource=articleShare

--

Sent from Gmail Mobile