Netflix issues another bond to raise 2 billions funds. This is the sixth time in four years that the company issues these bonds to raise at least 1 billion.
The accumulated resources, says the giant of streaming, will be used not only to produce new content, but also acquire new ones.
In 2018 Netflix had already reserved 8 billion for the acquisition and production of films and TV series. The company has reassured stakeholders about these expenses: CEO Reed Hastings claims that only with variety and quality of content you can compete with the manufacturers and other companies involved in streaming.
The third quarter was closed by Netflix with 7 million new users, a profit of 403 million dollars and revenues of 4 billion, reaching a growth of 34%.
