Netflix Reportedly Has $20bn In Debt

Netflix may be doing well in terms of subscriber growth, but its financial status is somewhat marred by the existence of $20 billion in debt, according to the LA Times. Much of that debt has accumulated due to the streaming service investing large amounts in original movies and shows.

It's planning to spend another $6 billion on original content during the next year, which will further boost its debt.

The most notable part of its total debt figure is the $4.8 billion that's actually traditional debt. All of the rest stems from deals with partners and represents an amount that must be paid off eventually, but it's not actually debt.