9 million in 3 months, to be exact. I don't expect traditional cable to last much longer at the rate of growth these streaming companies are experiencing. I also find it interesting that Netflix borrows massive amounts of money to produce their content. I didn't know that.
Posted in
General
by
Carter
Reply
I was surprised too, Emma. Apparently some of their IOUs are coming due so they're raising subscription prices to help cover that. I'm not keen on paying more but I guess I will.
EyeForAnEye
- Edited
Reply
They owe $32 billion in loans? Count me as another person that had no clue large corporations operated in this manner. I'm not thrilled about having to pay more for Netflix yet again. Before we know it, it's going to be the same price as... See more
Altair
Companies have always done this type of strategy until the liabilities are too heavy to carry and they file for bankruptcy. The loans will fund new researches or new improvements on products, for Netflix's case, it is new movies or shows.
Dante5
Reply
I would have been worried if this strategy was only unique to Netflix. This can only work in the long time if no competitors rival this company. On the other hand, an increase in the number of subscriptions doesn't necessarily mean an increase... See more