Netflix Aims to Raise $1.6 Billion to Finance New Programs
The streaming service has revealed it will spend up to $8 billion on programming next year
Netflix (NFLX) - Get Report is aiming to raise $1.6 billion from investors to finance new programs and possible acquisitions.
The streaming service has already revealed it will spend up to $8 billion on programming in the coming year. Netflix has invested heavily in original content in recent years, releasing House of Cards and Stranger Things.
The fundraising plan comes after the company said it would raise prices in the U.K. & the U.S.
Netflix's share price has shot up by more than 50% during 2017 as subscriber growth continues to outstrip expectations
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