Netflix to raise $2 billion in debt to help fuel its obsession with original content – BGR

In January of 2013, Netflix Chief Content Officer Ted Sarandos astutely laid Netflixs content strategy on the table for all to see. The goal is to become HBO faster than HBO can become us, Sarandos said. He also added that Netflix, in stark opposition to networks that cant help but micromanage every single aspect of the production process, would shy away from giving notes and would give content creators full-season commitments.

The idea that they wouldnt just pull the plug midway was totally thrilling, Orange Is the New Black creator Jenji Kohan said at the time. Its similar to a pay-cable model but even more liberating. This is the future.

Sarandos statement about wanting to become HBO is all the more remarkable given tha…

Read the full article at: https://bgr.com/2019/04/23/netflix-originals-funded-by-debt-offering/

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