Netflix to Raise 1 Billion Euro, in Part, for New Programming

Netflix plans to offer 1 billion Euro worth of senior notes outside of the United States for “general corporate purposes.”

In other words, the “Orange Is the New Black” (pictured above) home is raising capital to help fund new programming — so, get excited, subscribers.

Unfortunately, Netflix fell shy of its subscriber growth estimate for the first three months of 2017, sending the company’s stock price in the wrong direction.