Netflix Increases Debt by $2 Billion to Fund Programming Push

Netflix finished last quarter with $8.3 billion in long-term debt so the new debt, details of interest and maturity dates still to come, will put the leader in streaming over $10 billion in debt as it still burns cash. In the most recent quarter, it reported a cash-burn of about $1.7 billion. – Paul Bond, The Hollywood Reporter https://ift.tt/2Amwm1y