Debt to Netflix

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Video-streamer Netflix says it expects to release some 80 films in 2018, up from 50 this year. That means a hefty budget of between $7 billion and $8 billion, which is why the company has announced plans to offer $1.6 billion in new debt to fund all that content.

Netflix says it picked up 5.3 million net new subscribers in the third-quarter to take its global subs total to 109 million. The streaming outfit still operates with negative cashflow as it has to stump up for programming before consumers watch its content and the costs are amortised by estimated viewing over time.

AI in the Cyber Valley

AI in the Cyber Valley

Smart, not green

Smart, not green