Netflix’s $2 billion investment is great news for aspiring actors.
In October 2017, Project Casting reported on Netflix’s big plans to expand their amount of content. Now, after a great sales quarter for the streaming giant, the number of opportunities for aspiring actors is bound to skyrocket.
According to reports, Netflix plans to raise $2 billion to fund the creation of new content. Netflix is going to debt markets to fund their enormous plans for growth. Netflix’s strategy focuses on creating and distributing new content. The company said last year that it expected to spend about $8 billion on content on 2018. Netflix has recently hired TV juggernauts including Shonda Rhimes and Ryan Murphy to make exclusive content for the streaming platform.
“We recognize we are making huge cash investments in content, and we want to assure our investors that we have the same high confidence in the underlying economics as our cash investments in the past,” Netflix said in its Oct. 16 letter to shareholders. “These investments we see as very likely to help us to keep our revenue and operating profits growing for a very long time ahead.”
Netflix said for the $2 billion in new debt, the interest rate, redemption provisions, and other terms will be determined by negotiations and the initial purchases.
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