Why Netflix Turned to Junk   Leave a comment

Link: https://www.npr.org/2020/02/25/809386076/why-netflix-turned-to-junk

When it originally started, Netflix was a unique and popular streaming service, however, when more competition entered the market, the company struggled to compete. Eventually, Netflix began producing their own content. They created their own production company and by doing so, incurred debt. in order to fund their new content, Netflix has issued more than $2 million worth of junk bonds.

Original Air Date: February 25, 2020

Length: 9 minutes 40 seconds

Posted March 17, 2020 by meaghanprice3 in Finance, Planet Money

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