US$1 billion

Facebook ‘could spend US$1bn’ on original shows

Facebook could spend up to US$1 billion on original shows for its platform between now and 2018, according to a report in the Wall Street Journal. The paper, citing unnamed sources, said that the precise figure spent by the social media giant could vary depending on the success of its originals. Such an investment could […]

Netflix plans to raise US$1bn for content acquisitions

Netflix is looking to raise US$1 billion in order to fund further content acquisitions, investments and strategic transactions. Intriguingly, the announcement of a US$1 billion debt offering in senior notes was an adjustment on an plan to raise US$800 million revealed just hours before. Los Gatos-based SVOD giant Netflix said the funds would be used […]