In a bid for more eyeballs, Netflix is raising $1 billion for content

netflix adds picture in ipad sign
Netflix
For Netflix, it’s all about original content. Crediting original programming for subscriber and earnings growth, the streaming giant announced a plan to raise $1 billion to acquire even more original content, according to  Venture Beat.

The company goal is 50-percent original content, with 1,000 hours of new programming available for streaming in 2017, Forbes reported. While Netflix does not release performance numbers for specific content properties, in a letter to investors, the company indicated Marvel’s superhero series Luke Cage, science fiction/horror hit Stranger Things, and crime drama Narcos were part of the growth and the “excitement around Netflix original content. ”

Related:  Netflix subscriptions jump as ‘Stranger Things’ drives popularity

Netflix has had strong growth this year. In the second quarter of 2016, 1.8 million new subscribers joined the streaming service, and that figure almost doubled from July through September with 3.5 million new signups. Of the new subscribers in the third quarter, 3.2 million were international and 370,000 were located in the U.S., reports Forbes.

Regarding Netflix’s international growth, J.P. Morgan’s Doug Amnuth wrote, “… original content with global appeal” is of particular significance. Narcos is set in Columbia and overseas locations. Marseille is a French political drama and The Crown, set for release in November, is the story of Queen Elizabeth II.

In its note to investors, Netflix said: “The internet allows us to reach audiences all over the world and, with a growing base of over 86 million members, there’s a large appetite for entertainment and a diversity of tastes to satisfy.”

Earlier reports of an $800 million debt offering were raised to $1 billion. Netflix also announced it expects the senior note offering to close on October 27, 2016, according to Venture Beat. In a company statement, Netflix said it “intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.”

Movies & TV

Netflix promises more interactive content like Black Mirror: Bandersnatch

Netflix is prioritizing interactive movies and TV series like Black Mirror: Bandersnatch, according to an executive for the streaming service, with future content currently in the works.
Home Theater

What’s new on Amazon Prime Video and what’s leaving in April 2019

Amazon Prime Video adds new titles each month that are available for free to all Prime members. Check out our list to find all the content hitting Amazon Prime Video in March and April, from new original series to classic films.
Movies & TV

Disney Plus: Here’s what we know so far about the upcoming streaming service

Disney is bringing the full weight of its massive content library to its own streaming service in 2019. How will Disney Plus compare to Netflix, Hulu, and Amazon Prime? Here's what we know so far.
Home Theater

New TV? Here's where to go to watch the best 4K content available

Searching for content for your new 4K UHD TV? Look no further. We have every major source of the best 4K content, along with the cost, hardware requirements, and features that make each service worth a look.
Movies & TV

These are the best movies on Hulu right now (March 2019)

From dramas to blockbusters, Hulu offers some great films to its subscribers. Check out the best movies on Hulu, whether you're into charming adventure tales or gruesome horror stories.
Movies & TV

Stay inside this winter with the best shows on Hulu, including 'Legion'

It's often overwhelming to navigate Hulu's robust library of TV shows. To help, we put together a list of the best shows on Hulu, whether you're into frenetic cartoons, intelligent dramas, or anything in between.
Movies & TV

11 Hollywood heavyweights who jumped from the big screen to the small screen

From Julia Roberts and Meryl Streep to James Franco and Mahershala Ali, lots of Hollywood A-list actors with successful film careers are flocking to television projects during the second Golden Age of Television.
Movies & TV

The best new movie trailers: Aliens, Avengers: Endgame, Charlie Says, and more

Everyone loves a good trailer, but keeping up with what's new isn't easy. That's why we round up the best ones for you. This week, it's new trailers for Avengers: Endgame, Aladdin, Charlie Says, Doom: Annihilation, and more.
Deals

How to watch Top Rank Boxing: Conlan vs. Hernandez free on ESPN Plus

St. Patrick’s Day is this Sunday, so it’s fitting that rising Irish star Michael Conlan will face off against Mexican boxer Rueben Garcia Hernandez. If you’re looking for a way to stream the fight, then start your ESPN Plus 7-day…
Movies & TV

Best new shows and movies to stream: Free Solo, Catastrophe season 4, and more

Need something to watch this weekend? Check out our list of the best new shows and movies to stream right now. On the list this week: Free Solo documents an awe-inspiring climb, Catastrophe unveils its final season, and more.
Movies & TV

The best movies on Amazon Prime right now (March 2019)

Prime Video provides subscribers with access to a host of fantastic films, but sorting through the catalog can be an undertaking. Luckily, we've done the work for you. Here are the best movies on Amazon Prime Video right now.
Movies & TV

'Prime'-time TV: Here are the best shows on Amazon Prime right now

There's more to Amazon Prime than free two-day shipping, including access to a number of phenomenal shows at no extra cost. To make the sifting easier, here are our favorite shows currently streaming on Amazon Prime.
Business

Captain Marvel continues to soar at the box office with huge second weekend

Captain Marvel blasted into theaters in a big way a week ago, and Marvel's first female-led solo superhero movie is showing no signs of slowing down after a big second week in theaters.
Movies & TV

How Laika blends 3D printing and CGI to make mesmerizing stop-motion movies

With each film, Laika Studios pushes the bar higher for stop-motion animation. We explore Laika's latest techniques for its new adventure, Missing Link, which the studio it calls a Kaleidoscopic travelogue that ranks as its most ambitious…