Netflix shoots down rumours that it is saddled with $20bn of debt

Netflix has moved quickly to shoot down suggestions that it is mired in $20bn of debt, sparking fears as to the sustainability of the streaming service, by describing such reports as ‘inaccurate’.
The storm first broke when the LA Times published a piece claiming that Netflix had been on a bigger binge than its customers having amassed eye-watering liabilities of $20.54bn in ‘long-term debt and obligations’.
With speculation then going into overdrive Netflix felt obliged