From the outside looking in, it appears as if Netflix is absolutely killing it. From Orange is the New Black and House of Cards to Stranger Things and Fuller House, the streaming service has a collection of buzzy original series and revivals on top of its improving movie presence. As of right now, Netflix paces the entire streaming industry with a whopping 104 million worldwide subscribers, according to the company’s quarterly reports. But trouble may be brewing in paradise.
According to the LA Times, Netflix has accrued a long-term and short-term debt of $20.54 billion. Yes, that’s billion with a B. But investors don’t sound too worried, if the LA Times is to be believed.
H/t reader kevin a.
* * *