Company Of The Day: Netflix

-17.39%
Downside
607
Market
502
Trefis
NFLX: Netflix logo
NFLX
Netflix

What?

Netflix (NASDAQ:NFLX) will start streaming the iconic sitcom ‘Seinfeld’ on its platform starting from October 1. Netflix will offer all 180 episodes of the show to the U.S. and most other markets.

Why?

Relevant Articles
  1. Netflix On A Roll As It Benefits From Paid Sharing And Ads. Is The Stock Undervalued At $610?
  2. Up 50% Over Last Year, Will Q4 Earnings Drive Netflix Stock Higher?
  3. Will Netflix Stock Rally 40% To Return To Pre-Inflation Shock Highs?
  4. How Will The Password Sharing Crackdown Help Netflix Q3 Results?
  5. Will Netflix Stock Return To Pre-Inflation Shock Highs Of Over $650?
  6. The Big Password Sharing Crackdown Will Bolster Netflix’s Q2 Results

Netflix saw two other high-profile shows – Friends and The Office – leave its platform over the last year or so for other streaming services. The addition of Seinfeld should help compensate to an extent.

So What?

Netflix is apparently spending over $500 million for the show in a five-year deal it signed in 2019 with Sony Pictures Television, which controls the rights. Although this may seem like a large sum, it’s not too big in the context of Netflix’s overall content spending which is likely to stand at around $17 billion this year alone.

See Our Complete Analysis For Netflix

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams