Home Other News Business Netflix buys comic book publisher Millarworld in 1st ever acquisition – Business

Netflix buys comic book publisher Millarworld in 1st ever acquisition – Business

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The Associated Press
Posted: Aug 07, 2017 11:39 AM ET
Last Updated: Aug 07, 2017 11:40 AM ET

Netflix says it made its first acquisition, comic book publisher Millarworld, with plans to turn its characters into new films and shows for the video streaming service.

Millarworld’s graphic novels, Kick-AssWanted and Kingsman have already been turned into movies by major studios. 

Los Gatos, California-based Netflix did not disclose on Monday how much it paid for Millarworld.

Netflix has been spending heavily for original movies and shows, such as House of Cards and Orange Is The New Black, to attract new viewers and stand apart from rival services.

Netflix reported in July that it had more than 100 million subscribers worldwide. But it also spent $6 billion making content, and is more than $20 billion in debt.

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Business News

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