Yes, Netflix owes $20 billion and it damn well should

Wars are expensive.

The internet is aflutter with the “news” that Netflix has $20 billion of debt, leading to a sudden rush to question whether the company is doomed or about to collapse or cancel its big shows. 

First off, Netflix doesn’t have $20 billion in debt. Netflix has $4.8 billion in debt, and then deals with content partners for $15.7 billion. Notable difference, but, yes, Netflix is going to need to pay out that money.

That said, this isn’t some sudden surprise. Netflix’s finances have been closely examined by a small army of analysts and financial journalists. Some think the company’s spending too much, other think they’re right on track for global domination.  Read more…

More about Media, Netflix, Business, and Media Industry