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.



from Techmeme http://www.techmeme.com/181021/p14#a181021p14