Report: Netflix Is $20 Billion In Debt | The FADER

Netflix’s enormous spending on original content has led the streaming video platform to accrue $20.54 billion in short and long term debt, according to a report in the Los Angeles Times.

The company is expected to spend $6 billion on original content this year, with an undetermined budget spent on licensing fees for programs from TV studios. Its net cash outflow will increase this year to $2.5 billion, up from $1.7 billion, and the company expects “to be free-cash-flow negative for many years.”

Source: Report: Netflix Is $20 Billion In Debt | The FADER

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