Netflix Allegedly Has Billions Of Dollars Of Debt
Netflix have been spending a lot of money producing original shows and movies and retrieving the rights for other content.
Because of this they are currently billions in debt.
According to The Guardian, Netflix is now planning to raise another $2 billion in debt, adding to the other long-term liabilities which total more than $30 billion.
In September, the site reported $11.8 billion in total debt and another $18.6 billion in payments for content.
However, as of October 2018, Netflix has a total of 137 million subscribers worldwide, which means they are still growing rapidly and have nothing to worry about!
