Bengaluru | Netflix said on Wednesday (early Thursday AEDT) it plans to raise about $US1 billion ($1.58 billion) in debt to beef up original content, a day after the streaming pioneer doubled its own projections for new customers as stuck-at-home users binged on movies and shows.
Shares of the company were down 3 per cent at $US420 in morning trade after it also forecast a weaker second half of the year when shelter-in-place orders are lifted.
