Netflix shares soared by almost five per cent after the video-streaming service brought home no fewer than 23 Emmy Awards on Monday.
The Crown won five Emmy’s, with Claire Foy taking home the prestigious award for best actress in a drama series for her portrayal of a young Queen Elizabeth II.
The streaming leader also won big in the limited series categories, with Regina King winning Outstanding Lead Actress for her role in Seven Seconds. Merritt Wever and Jeff Daniels won Outstanding Supporting Actress and Actor in the same category for Godless.
And once again, Black Mirror was a winner, taking the Emmy for Outstanding Writing in a Limited Series.
The Crown won five Emmy’s, with Claire Foy taking home the prestigious award for best actress in a drama series for her portrayal of a young Queen Elizabeth II
The impressive haul pushed Netflix’s share prices by almost five per cent to $367.65 at the close of day on Tuesday.
‘This was a solid accomplishment, and you can’t take that away from them,’ Michael Pachter, of Wedbush Securities, told Mercury News. ‘In a way, they are ahead of where they need to be.’
Netflix stock has risen by almost 80 per cent in 2018 but has struggled over the past couple of months with less impressive second-quarter results.
Since its 52-week high in mid-July, Netflix shares have slumped nearly 18 per cent.
Netflix shares soared by almost five per cent after the video-streaming service brought home no fewer than 23 Emmy Awards on Monday
The impressive haul pushed Netflix’s share prices by almost five per cent to $367.65 at the close of day on Tuesday
But Tuesday’s performance has helped boost the company’s shares.
Netflix was tied for Emmy wins with HBO – proving there is still a place for traditional TV in 2018. Westworld, Barry and Game of Thrones were HBO’s big winners of the night
Game of Thrones also took the coveted Outstanding Drama Series.
Despite its big investment in comedy, Netflix lost out in that category, with just John Mulaney winning Outstanding Writing for a Variety Special for Kid Gorgeous.
It’s two hopefuls for best comedy series, GLOW and Unbreakable Kimmy Schmidt were pipped to the post Amazon’s new comedy, The Marvelous Mrs. Maisel.