Reported 1 day ago
Netflix, facing increasing competition in the streaming industry, has transformed its business by focusing on original content, resulting in 18 Academy Award nominations this year, the most among all studios. With the Oscars approaching on March 2, analysts believe that how Netflix performs at the awards could impact its stock value, as recognition from the Academy could attract new subscribers. Historical trends show a gradual increase in revenue linked to Oscar nominations, suggesting that Netflix might be a strong investment opportunity right now.
Source: YAHOO