Netflix’s Bonds Have More Fun

So exactly how deep in the hole does a company have to go before it stops looking like the next Amazon and starts looking like the next MoviePass? But, you say, Amazon stayed in the hole for almost two decades before it became consistently profitable. True enough, but unfortunately not every company that takes on massive debt turns out to be Amazon. (Also: Netflix is also more than 20 years old!) Who wouldn’t become an entertainment goliath if we could take out a $2 billion bond on top of $10 billion in debt to fund a bunch of new shows? Give me one billion with no expectations of results and I promise you I’ll get myself on the cover of the NYT Magazine as the greatest innovator and disruptive genius Hollywood has ever known. Netflix may yet turn out to be the Amazon of entertainment, not just standing astride the

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