Yes, Netflix owes $20 billion and it damn well should
Wars are expensive.
The internet is aflutter with the "news" that Netflix has $20 billion of debt, leading to a sudden rush to question whether the company is doomed or about to collapse or cancel its big shows.
First off, Netflix doesn't have $20 billion in debt. Netflix has $4.8 billion in debt, and then deals with content partners for $15.7 billion. Notable difference, but, yes, Netflix is going to need to pay out that money.
That said, this isn't some sudden surprise. Netflix's finances have been closely examined by a small army of analysts and financial journalists. Some think the company's spending too much, other think they're right on track for global domination. Read more...
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Yes, Netflix owes $20 billion and it damn well should
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Reviewed by mimisabreena
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Wednesday, August 02, 2017
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