Netflix Credits Marvel’s Luke Cage For Helping Record Stock Quarter
The term “ Netflix and chill” has never sounded so relevant, seeing that the movie and TV service recently posted its highest shares projections to date at $133.70 as of Friday, January 13. Shoot back to April
The term “ Netflix and chill” has never sounded so relevant, seeing that the movie and TV service recently posted its highest shares projections to date at $133.70 as of Friday, January 13.
Shoot back to April 2016 and the company took a hit in shares, despite gaining more than two million subscribers during the period but combined with the continuous decline of cable TV and strong programming, they were able to raise their stock to record high numbers ahead of their Q4 earnings, which will be posted on January 18.
One of the aforementioned strong programs included Marvel’s Luke Cage, the Harlem-centered superhero series that built its foundation on Gang Starr songs.
Our checks… indicate broad based strength in international demand catalyzed by original content,” Kraft wrote, calling out Golden Globe-winner “The Crown,” “Marvel’s Luke Cage,” “Gilmore Girls” and “Fuller House,” wrote Deutsche Bank analyst Bryan Kraft in a research note obtained by Variety, as he also noted “Netflix navigated its way through the ’16 pricing increases relatively unscathed.”
Last December, Netflix announced that Luke Cage would be returning for a second season. Not the most surprising of revelations, seeing that it was reportedly the company’s biggest ratings draw for 2016. When factoring in its Marvel Cinematic Universe roots and a score produced by Hip Hop composers Adrian Younge and A Tribe Called Quest’s Ali Shaheed Muhammad, the reach of its intended audience scales further than most shows on television.