At Netflix, nostalgia’s reign is less about fitting in with pop-culture trends than it is about the streaming network’s ambitious plans for original content. Nostalgia has swept through television and film in recent years, but our collective throwback obsession has been particularly fruitful at Netflix . As reported by Variety and others, the streaming network announced recently that it is raising $1 billion (U.S.) through a new debt offering to fund more original content. Sarandos said Stranger Things is popular on a global scale, although that’s difficult to quantify because Netflix doesn’t share ratings information. “It’s all in the rich details that you think would be completely lost on the young audience,” he said, using the rotary phones in Stranger Things as an example.

Source: thestar November 25, 2016 05:04 UTC