Netflix owes around $15 billion, yet it continues to spend money billions each year to fund its original programming. Is this a brilliant move to set it apart from the competition or a house of cards ready to collapse?

Hosts: Peter Kafka & Rani Molla

This podcast is a production of Recode by Vox and the Vox Media Podcast Network. This episode was produced by Zach Mack, Bridget Armstrong. Our editor is Charlie Herman. Gautam Srikishan engineered and scored this episode. Nishat Kurwa is the Executive Producer.

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