Netflix to lift another $1.6bn to financial new films and shows

Poster picture for Stranger Things 2Image copyright

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Netflix’s Stranger Things has been one of a company’s large hits

Netflix is lifting another $1.6bn (£1.2bn) from investors to financial new shows and presumably make acquisitions.

The video streaming use skeleton to spend adult to $8bn on calm subsequent year to contest with fast-growing rivals.

Netflix will emanate holds to investors, nonetheless a seductiveness rate it will compensate has nonetheless to be decided, a association said in a statement.

Netflix skeleton to recover 80 films subsequent year, though some analysts are heedful about a money bake and debt seductiveness costs.

The company’s latest debt fundraising is a largest so far, and a fourth time in 3 years it has lifted some-more than $1bn by arising bonds.

Earlier this month, Netflix pronounced it would lift prices in countries including a UK and US for a initial time in dual years.

The cost rises come as Netflix faces flourishing foe from Amazon and other sites such as Hulu and Disney in a US.

Netflix has spent heavily on strange programming such as The Crown, Stranger Things and House of Cards.

One movie, Mudbound, was described by Variety as “an epic about competition and misery in a 1940s Mississippi Delta”, and stars Mary J. Blige and Carey Mulligan.

Some critics contend it is a contender for a Academy Awards and would be a initial Netflix underline to be in a Oscars race.

Netflix’s share cost has risen some-more than 50% this year on a behind of subscriber expansion that has kick expectations. The association now has some-more than 109 million subscribers globally, adding 15.5 million so distant this year.

The pierce to take on some-more corporate debt comes amid expectations that borrowing costs might boost in entrance months. The US Federal Reserve is weighing another rate travel by a finish of 2017.