Netflix to raise $2 billion in debt to help fuel its obsession with original content

%name Netflix to raise $2 billion in debt to help fuel its obsession with original content by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley

In January of 2013, Netflix Chief Content Officer Ted Sarandos astutely laid Netflix’s content strategy on the table for all to see. “The goal is to become HBO faster than HBO can become us,” Sarandos said. He also added that Netflix, in stark opposition to networks that can’t help but micromanage every single aspect of the production process, would shy away from giving notes and would give content creators full-season commitments.

“The idea that they wouldn’t just pull the plug midway was totally thrilling,” Orange Is the New Black creator Jenji Kohan said at the time. “It’s similar to a pay-cable model but even more liberating. This is the future.”

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Netflix to raise $2 billion in debt to help fuel its obsession with original content originally appeared on BGR.com on Tue, 23 Apr 2019 at 15:13:54 EDT. Please see our terms for use of feeds.

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