I remember a thread on this list at the time debating Netflix’s strategy of building streaming content as fast as possible, before the mega media companies could head them off, by borrowing heavily. A decade, and Sixteen Billion dollars of debt later:
“Netflix has reached a financial milestone: It no longer needs to borrow money. Netflix announced Tuesday in its fourth-quarter earnings report that it would not “need to raise external financing for our day-to-day operations,” a significant move for the heavily indebted company.” https://www.nytimes.com/2021/01/19/business/netflix-earnings-debt.html?referringSource=articleShare -- Sent from Gmail Mobile -- You received this message because you are subscribed to the Google Groups "TVorNotTV" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/tvornottv/CAKGtkY%2B6v2e_G-gQFL53tm6xhpS-0xiMOQG8wyNTfEiWd4%2BK_Q%40mail.gmail.com.
