Reed Hastings, CEO of Netflix, which warned Tuesday that it will bleed more cash this year than it previously projected.now expects its operations and investments to consume $3.5 billion in cash this year.The company's operations and investments have consistently burned through cash since 2011, leaving it with a large and growing amount of debt.Netflix's cash-burn problem is going to get even worse before it gets better, the company warned on Tuesday.
Netflix made a change to its corporate structure that will increase its taxes this year, the company said in the letter, which it released as part of its But Netflix promised the company's free-cash flow, which represents the net amount of money a company generates from or consumes in its operations less the amount it invests in property, equipment, and other long-term assets, would start to turn around next year.
How about focusing on quality, not quantity. 1 great show is better than 10 mediocre ones.
I dunno if I'm just more woke now or what but the amount (Bns!) of capital / debt figures in our current mktplace is pretty much incomprehensible - in ALL industries
They need to start purchasing smaller networks that can help pay for their licensing purchases. Disney is going to hurt them hard and so is Apple. Disney has networks with unlimited characters that they can rehash and constantly use. Netflix hardly has memorable characters.
There's a glitch in the $NFLX biz plan. Since everything on it is On-Demand now that there are alternatives ppl will focus on watching it for 6 months then unsubscribe then repeat. I am about to unsubscribe now and I have been a subscriber since it started w DVDs.
Is that good ?
Barnes_Law Well to be fair reedhastings has a lot of anti-white shows in the pipeline to produce
Suma_Time_Fine ask for a bonus check
Netflix Blow a bag on black mirror
I assume this is due to focus on original content but that’s still a crazy amount