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If you thought Netflix had curtailed its ambitions when it comes to original content, think again. The streaming service will raise another $1.6 billion (£1.2 billion) from investors to finance new shows and films. That's on top of the £6 billion it recently announced.

The extra money could also be used to take over smaller companies in order to improve Netflix's service.

Netflix aims to make half of all its total content itself next year – this would include a staggering 80 films.

This is the firm's largest debt fundraising round so far. It's the fourth time in three years it has raised more than $1 billion by issuing bonds.

Netflix recently raised prices in the UK and US for the first time in two years. While it's by far the world's biggest streaming service, with over 100 million subscribers around the world, it's facing stiff competition from Disney, Amazon and others. Disney is a particular thorn in its side – the house of mouse recently announced it would pull all its properties (including 'Star Wars' and 'Marvel' content) from Netflix in 2019. Instead, it will house them in its forthcoming streaming service.

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