Hollywood Reporter – Netflix to Raise $1.6 Billion for Content Acquisitions

The streaming giant plans to release a staggering 80 films in 2018 as it continues to become a OC powerhouse.

October 23, 2017

‘Netflix plans a $1.6 billion offering of senior notes to raise money for content acquisitions and “strategic transactions.”

The plans were unveiled Monday as the video streaming giant continues to take on rivals in the digital arena, including Amazon and Hulu. Netflix revealed two weeks ago that it may spend as much as $8 billion on content next year.’

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