Cable / Telecom News

Netflix: $3 billion in debt and spending $6 billion on content

A press release issued by Netflix today said it will add another billion dollars to its already staggering debt load of $2.3 billion.It’s primarily to finance more original series and movies, as part of its plan to spend a total of $6 billion just in the next year for its more than 75 million subscribers. Click here for more.