>>94358624Companies borrow money to fund productions all the time. You think film studios who throw out these multi multi million dollar films consistently each year, with long production cycles just have a massive scrooge mcduck vault of ticket sales revenue ready to go before they put out their next blockbuster?
Films and TV have always been a high stakes investor market that and the studios will heavily borrow on the optimism of those anticipated successes to pay staff and keep the lights on.
Netflix being $20 billion in debt probably means it's got some big projects on the way out. But it doesn't run like a regular TV station. They have a continuous climb in subscription revenue and have no advertiser revenue sources to accidently piss off and see a drop in funding through. Netflix are actually going gangbusters right now, since they've hugely simplified the TV content delivery service and have increase in subscriptions continuously each year. Meaning they continue to collect fees from their existing customers annually and increase that revenue each year consistently.
The growth of the market will absolutely plateau at some point at the borrowing will ease up. But for now $20 billion in debt is hardly anything to worry about for such a massive massive company.
