It is no secret that Netflix (NFLX) wants to conquer the online streaming world and it is doing a good job at it. However, the online streaming giant's campaign has come at a big price
Netflix has 104 million subscribers, an increase of 25% since last year and 4 times as many as the company had 5 years ago. The streaming service has more than 50 original shows which have garnered over 91 Emmy nominations.
However there is one figure that might give you cause for concern. Netflix has accumulated $20.54 billion in long-term debt and obligations, according to the L.A. Times. The debt has been built up as Netflix expands its library and increases its original content.
Netflix shares have surged more than 10% this month.
Watch More with TheStreet:
- This Is What Anthony Scaramucci Had to Say About Trump When He Was Gunning for a While House Job
- This Is What to Expect From Apple's Earnings on Tuesday
- Tesla Is On Fire! Here Are 20 Eco-Friendly, Gas Conscious Vehicles.
- We Asked, You Answered: Who Should Be The Next CEO Of Uber?