Monday, October 22, 2018

Netflix Looks To Raise $2 Billion For Content Acquisition, Production

Netflix, the online streaming movie service operator, is planning to boost its content acquisition and production, via a $2.0 billion debt offering, a move which might benefit the Los Angeles content production industry. Netflix has major content production operations in Los Angeles, along with a significant number of employees. According to Netflix, it is proposing a $2.0 billion offering of Senior Notes, specifically for content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions. Netflix has been very active--as have all online streaming providers--in developing its own set of unique content, in order to drive more users to its service. Netflix hasn't said how much of that note offering would go towards that content acquisition and production and development, which usually benefits the content industry in the Los Angeles area.

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