Netflix plans $1.6bn bond sale

Netflix is planning to raise another $1.6bn (€1.36bn) from investors to finance new content and make new acquisitions.

The video streaming giant plans to spend up to $8 billion on content next year to keep the edge on its rivals. Netflix will issue bonds to investors, although the interest rate it will pay has yet to be decided, the company said in a statement.

Netflix plans to release some 80 original movies next year, but some analysts are wary about its cash burn and debt interest costs. The company’s latest debt fundraising is its largest so far, and the fourth time in three years it has raised more than $1 billion by issuing bonds.

Netflix recently revealed it would raise prices in countries including the UK and US for the first time in two years.

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