Uh-oh! Streaming giant Netflix is billions of dollars in debt, according to a new report on their business.
The company’s debt has hit $4.8 billion as they start to spend more on programming and original content.
The news comes as Netflix Australia increased their services; with a basic service rising from $8.99 a month to $9.99, the standard service jumping from $11.99 a month to $13.99 and premium subscribers having to now pay $17.99 compared to the previous cost of $14.99.
The company has also cancelled a number of series recently, including Sense8, The Get Down and Girl Boss.
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