Netflix CFO: We’re Going To Have 700 Original Programs On Our Platform In 2018

Building such a massive library of original content has come at a steep price. Days after Netflix announced its $8 billion budget for its 2018 originals slate, it revealed its plan to take on another $1.6 billion of debt to finance those operations. Wells, however, doesn’t see the platform slowing down its spending any time soon. “Let’s continue to add content — it’s working, it’s driving growth,” he said. “There’s no magic line where you know exactly where you are.” – Sam Gutelle, Tubefilter

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