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Netflix or Debtflix? Why the popular streaming service is still in the red

This week, Netflix announced a new series with David Letterman. The company has more than $15 billion committed to new projects in the next five years — but it's currently $2.6 billion in debt. Shira Ovide explains why the streaming service owes so much.
This week, Netflix announced a new series with David Letterman. The company has more than $15 billion committed to new projects in the next five years — but it's currently $2.6 billion in debt. Shira Ovide explains why the streaming service owes so much. 9:06