Netflix is offering approximately $2 billion of senior unsecured notes to qualified institutional buyers as part of its efforts to acquire, develop, and produce original content in the future.
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Netflix's Chief Content Officer, Ted Sarados, has announced that the company will increase content spending by a further $1 billion next year - raising the total to a huge $7 billion.
As the Wall Street Journal reports, Apple is dedicating a sum of $1 billion to create high-end original entertainment content, putting it in competition against the likes of Netflix, Amazon, and HBO.
Facebook hired an ex-MTV executive to produce original shows. It is a move that further reinforces the company's strategy to monetize new areas within Facebook, with longer videos at the forefront.
Microsoft is to close Xbox Entertainment Studios, the division responsible for its original TV shows, with the loss of around 200 employees - although its Halo live-action shows will not be affected.
A new British comedy will debut today on Microsoft's Xbox Live network. This is the first movie to be distributed this way, but you can be sure it's only just the beginning for Microsoft.
Google has announced it will expand its original content channels on YouTube to a number of European countries, while also saying its top 25 original channels are generating 1 million views a week.
