Netflix takes on $1.5 billion in debt to build Zelda live action, other content

Netflix is taking a pretty big gamble, albeit with other people’s money. They’ve floated two senior notes totaling $1.5 billion in debt. The goal is to ramp up their content production. At the center of all this is a live action “Legend of Zelda” series.

So far, Netflix has kept the bar raised pretty high, with series like House of Cards and Orange is the New Black. The question is, can they find a way to bring Zelda to the small (but growing) screen without dissing legions of Zelda fans.

Netflix is said to be working closely with Nintendo, the Japanese game developer that has made about 20 “The Legend of Zelda” games since the original, which was released in the U.S. in 1987.

Nintendo is very protective of its intellectual property and has allowed few adaptations over the years. An animated “Legend of Zelda” series ran for just one season in 1989. A 1993 movie based on Nintendo’s “Super Mario Bros.” was an infamous bomb.

Netflix has shown they have a solid sense of pitch when it comes to original content, earning them a big benefit-of-the-doubt here. Here’s hoping this follows the House of Cards path and doesn’t end up on this list.