Netflix Is Planning To Raise $1 Billion…
Netflix will raise about $ 1 billion in debt to add more original shows and movies, as its estimates for new subscribers have doubled. While waiting for the coronavirus epidemic, the view increased after forcing users to stay indoors during programming. The Los-Gatos, California-based company said it also plans to use some of the funds raised for a possible acquisition.
Netflix is positioning itself as the leading American studio Halt Productions and delayed the release of movies due to the effects of COVID-19. The company experienced a customer boom after the outbreak order issued closing orders.
Stacks revealed by Netflix itself-
Netflix said it added 16 million new subscribers from January to March and now has 183 million subscribers worldwide. Sarandos said Tuesday that the company was working on more than 200 such projects. As video streaming in the US grows In the USA, space has become more competitive with other introduction services and Disney + rivals.
One of the latest services to challenge Netflix, the new mobile app-based QBee app, launched on April 6 by Studio Mogul Jeffrey Katzenberg and former Hewlett Packard CEO Meg Whitman, 10 minutes from unique original shows and movies. Provide episodes.
With nearly 183 million global subscribers, Quibe and other services are putting pressure on Netflix to expand its content and be watched abroad for growth aggressively.
What is been expected from Netflix?
Although after new services on the HBO horizon and the services of Disney and Apple, Netflix is expected additional long-term impact and retention for its customers.
The new show which recently premiered on Netflix:-
Netflix released several popular original shows in the first quarter, including Spencer Confidential, an action comedy movie starring and co-produced by Mark Wahlberg.
Documentary ministries ‘Tiger King’, a dating show ‘Love is Blind’ and the Spanish drama ‘Money Heist’, was also launched.