×
You will be redirected back to your article in seconds

Netflix Stock Climbs After Streamer’s Record 23 Emmy Wins

Investors gave Netflix’s stock a mild kick the morning after the subscription-video leader took home a company-record haul at the 2018 Primetime Emmy Awards.

Overall, Netflix nabbed 23 Emmys this year, tying it with HBO. Investors responded by pushing up the share price up as much as 2.5% in early trading Tuesday, after it opened up 0.8%. [UPDATE: The stock rallied late in the session to close up 4.9% for the day, to $367.65 per share.]

The stock increase came after Netflix shares fell 3.9% on Monday, to close at $350.35 per share. The historically volatile issue has declined in the past two months as investor mania for the company has cooled. It hit an all-time-high closing price July 9 of $418.97 per share, which briefly gave it a market cap bigger than Disney.

Netflix’s wins Monday night included Claire Foy (pictured above) taking the trophy for lead actress in a drama series for “The Crown” for her portrayal of Queen Elizabeth II. In total, “The Crown” won five Emmys. Among other Netflix originals, dystopian thriller “Black Mirror’s” “USS Callister” episode won four and Western limited series “Godless” took home three.

Netflix had contenders in the three top Emmys categories but was shut out of the awards for drama series (won by HBO’s “Game of Thrones”); comedy series (Amazon’s “The Marvelous Mrs. Maisel”); and limited series (FX’s “The Assassination of Gianni Versace: American Crime Story”).

Separately, Netflix on Tuesday announced that Axel Springer chairman and CEO Mathias Döpfner was joining its board of directors.

Netflix had a total of 112 Primetime Emmy Awards nominations this year, beating out HBO, which had 108. AT&T CEO Randall Stephenson, whose company now owns HBO, last week characterized Netflix as the “Walmart” of streaming video whereas HBO is like “Tiffany’s.”

More TV

  • Rob Ortiz Brian Agboh Julie Katchen

    Paramount TV Names Three New Hires To Executive Team

    Paramount Television has made three new hires for its executive leadership team, naming Rob Ortiz as its new senior vice president of physical production, Brian Agboh as senior vice president of business affairs, and Julie Katchen Swidler as director of Paramount TV’s newly created current team. “I’m so excited to welcome these new valuable executives [...]

  • Discovery Corporate New Logo

    Discovery, FuboTV Strike Distribution Pact

     Discovery, Inc. and FuboTV said they have struck a multi-year deal that brings 13 of the cable-programmer’s networks to Fubo’s live-TV streaming service in coming weeks. The agreement extends a relationship that had been in place between Fubo and the former Scripps Networks Interactive, which Discovery acquired in 2018. That pact included carriage of five [...]

  • Rosamund Pike A Private War

    Rosamund Pike to Lead ‘Wheel of Time’ TV Adaptation at Amazon

    The long-gestating “Wheel of Time” TV adaptation has finally found its lead. Rosamund Pike cast been cast as Moiraine, a member of the powerful all-female organization called the Aes Sedai, in the Amazon Studios and Sony Pictures Television co-production. Based on Robert Jordan’s best-selling fantasy novels, “The Wheel of Time” is set in a high [...]

  • Julie Andrews

    Julie Andrews Joins Shondaland's Bridgerton Netflix Series

    Julie Andrews is the first person officially cast in one of Shonda Rhimes’ upcoming Netflix shows. Andrews has joined the untitled series based on Julia Quinn’s Bridgerton family novels. She will voice the character Lady Whistledown. Anonymous to readers, the sharp-tongued gossip writer uses a curious mix of social commentary and scathing insult to send [...]

  • Riverdale Alladin Avengers Endgame

    'Avengers: Endgame,' 'Riverdale,' 'Aladdin' Top 2019 Teen Choice Award Nominations

    The nominations for the 2019 Teen Choice Awards have been revealed, and voting has opened for the top movies, TV shows and music that has dominated the last year. “Avengers: Endgame” and “Aladdin” are the top contenders in the movie category with nine and five nods, respectively. In TV, “Riverdale,” “The Flash” and “Shadowhunters” each [...]

  • Chilevisión, RTVE, Boomerang, Amazon Share ‘Inés

    ‘Inés of My Soul’s’ Production Details, Shoot Date Unveiled at Conecta Fiction

    PAMPLONA, Spain — A project pitched three years ago at the very first Conecta Fiction in the Galician city of Santiago de Compostela, “Ines of My Soul” was back at the international co-pro and networking summit, this year in Pamplona, where it was held up as one of the still-young event’s most significant success stories. [...]

  • Charter Communications logo

    Five NY1 Anchors Allege Gender Discrimination in Lawsuit

    Five veteran female anchors and correspondents at NY1, the local-news outlet that appears on cable systems owned by Charter Communications in New York City, filed a suit Wednesday alleging they have been “repeatedly marginalized and relegated to second-class status” since Charter took over the outlet’s operations after acquiring the assets of the former Time Warner [...]

More From Our Brands

Access exclusive content