Robyn Beck | AFP | Getty Images
Netflix CEO Reed Hastings gives a keynote address, January 6, 2016 at the CES 2016 Consumer Electronics Show in Las Vegas, Nevada.
Netflix raked in five Golden Globes Sunday night, proving its investment in original content is paying off in critical acclaim. The wins come as the streaming service anticipates the potential loss of key licensed programming, including content from Disney, which is preparing its own streaming service, and the hit sitcom “Friends.”
according to Deadline. The stock was up more than 3 percent Monday morning.
“The Kominsky Method” won two Golden Globes for Best Performance by an Actor in a Television Series, Musical and Best Television Series, Musical or Comedy. “Roma,” a Mexican movie considered to be an Oscar frontrunner, won for Best Director of a Motion Picture and Best Motion Picture in a Foreign Language.
Netflix is known for striking big deals in original content, which it believes will be an increasingly important part of the business. On an earnings call in October, Chief Content Officer Ted Sarandos told analysts, “When we invest in an original show, we find, we’re having a better payback in terms of people watching and appreciating Netflix and valuing their subscription.”
The company will soon lose some of its popular licensed content. Netflix reportedly agreed to a $100 million deal to keep “Friends” on its service through 2019, according to the New York Times. Disney plans to pull all of its content from Netflix this year to create its own streaming service called Disney+.
Rival streaming service Amazon Prime Video brought in two Golden Globes this year. “The Marvelous Mrs. Maisel” won for Best Actress in a TV Comedy or Musical, and “A Very English Scandal” won for Best Performance by an Actor in a Supporting Role in a Series, Limited Series or Motion Picture Made for Television. By comparison, HBO, traditionally a favorite at the Golden Globes, won a single award for “Sharp Objects” despite nine nominations, the Los Angeles Times reported.
-Reuters contributed to this report.
Watch:
Netflix releases interactive episode of TV show ‘Black Mirror’
from Update News Zone http://bit.ly/2LZrvri
0 Comments