Netflix has said it expects to reach its peak cash burn in 2019.
Netflix plans to offer about $2 billion in debt to fuel its spending on content and other expenses, the company announced in a statement Tuesday. The stock dipped slightly negative on the news, which comes after another $2 billion offering as recently as October.
Earlier this month, Disney unveiled its plans for its streaming service, Disney+, which will cost $6.99 per month when it launches this fall. That's significantly cheaper than Netflix's most popular plan, which costs $12.99 per month. Disney's announcement sent Netflix's stock sliding the following day.
Netflix said it expects its free cash flow deficit for 2019 to end up around negative $3.5 billion, which was greater than the $3 billion it was previously expecting. The company said the updated figure was due to a change in corporate structure and investments in real estate and infrastructure.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Netflix to issue $2 billion worth of debt, shares slipNetflix Inc. said Tuesday it plans to offer $2 billion in U.S. dollar and euro denominated senior unsecured debt. The stock fell 0.6% in premarket trade. The...
Baca lebih lajut »
Dodger fan says he was beaten by security guards at stadium, sues team for $2 millionA Los Angeles Dodgers fan filed a lawsuit seeking $2 million in damages against the baseball team Tuesday after he says he was roughed up by security guards during a game against the Miami Marlins last year.
Baca lebih lajut »
Exclusive: Banks shun Tereos attempt to secure wider funding - sourcesAn attempt by French sugar group Tereos to spread risk on a 250 million euro ($2...
Baca lebih lajut »
Avenatti accused of embezzling nearly $2 million that NBA player paid ex-girlfriendHassan Whiteside, a Miami Heat basketball player, paid $2.75 million to his former girlfriend Alexis Gardner in a confidential legal settlement, and prosecutors say her lawyer Michael Avenatti stole most of the money.
Baca lebih lajut »
Sears sues former CEO Eddie Lampert, Treasury Secretary Mnuchin and others for alleged billion-dollar ‘thefts’Sears sues former CEO Eddie Lampert, Treasury Sec. Mnuchin and others for allegedly stealing billions of dollars from the once-storied retailer.
Baca lebih lajut »
The $51,000 mistake 1 in 4 young retirement savers has already madeOne in four adults under 35 with a 401(k) has already made an early withdrawal. The reason? Largely, their credit-card debt
Baca lebih lajut »
Republicans stockpile cash to safeguard Senate majorityFive GOP Senate incumbents raised more than $2 million in the first quarter, as the party hopes to hold the chamber in 2020
Baca lebih lajut »
The world’s largest wealth manager just made a significant change to its $2 trillion portfolio — and it’s a wake-up call to anyone invested in US stocksUBS remains bullish on US stocks, but has a cautionary message for investors concerning the coming months.
Baca lebih lajut »
TSMC’s new chips will leave Samsung in the dustQuarterly earnings at Taiwan’s $220 bln semiconductor maker fell 32 pct to $2 bln. However, cutting-edge technology means TSMC will benefit first as 5G handsets come into use and its South Korean rival will struggle to catch up. That justifies the rich valuation gap.
Baca lebih lajut »
How Fannie Mae, Freddie Mac dodged a $600,000 cap on CEO payThe new head of the agency that regulates Fannie Mae and Freddie Mac confirmed he is reviewing issues surrounding executive pay at the housing giants. Nine executives at Fannie and Freddie are paid $2 million or more, despite a $600,000 congressional cap on the CEOs' salaries.
Baca lebih lajut »