Netflix is Raising Another $2 Billion for New Content




, ,

With the competition between new and existing streaming services heating up, Netflix is working hard to stay in the game. To do that, the company is working to raise another $2 billion to invest in additional content.

Netflix will use that money to build its library by acquiring existing shows and movies, along with creating more original content. We last heard about Netflix’s efforts to raise funds in October 2018, with that money also going to producing and acquiring new content.

As with the last round of fundraising, Netflix reps said this $2 billion will be used “for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.”

Variety has reported that this round of funding will bring the total debt of Netflix $12.3 billion. It’s expected that the streaming service’s content budget will reach $15 billion this year.

Did you know we have a YouTube Channel? Every week we have a live Cord Cutting Q&A, and weekly Cord Cutting recap shows exclusively on our YouTube Channel!

Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.


Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like, streaming services, and others. Affiliate links help sites like Cord Cutters News, stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.