NETFLIX in debt

It has been confirmed that Netflix is drowning in $20billion worth of debt.

According to LA times, Netflix has racked up a hefty bill of $20.54 billion in long and short term debt in its effort to create original content.

Despite having 104 mullion subscribers worldwide, some industry expert say “Netflix will soon have a slip into reality if they fail to produce hit shows”. 

The president of magid advisors,a media and digital video consultancy mike vorhaus added that “nobody is ever the dominant player forever”.

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