Netflix says it will spend $18.6B on content, and forecasts $3B negative cash flow for 2018 and 2019, judging that aggressive spending leads to more subscribers (Edmund Lee/New York Times)

Edmund Lee / New York Times:
Netflix says it will spend $18.6B on content, and forecasts $3B negative cash flow for 2018 and 2019, judging that aggressive spending leads to more subscribers  —  The streaming service surprised Wall Street with huge gains in subscribers in the third quarter.

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https://ift.tt/2PbAkC7 October 22, 2018 at 07:05AM https://ift.tt/gaIxo5