Netflix Takes Home 3 More Emmy Awards

Streaming media giant Netflix, Inc. (NASDAQ:NFLX) continued its streak of award wins last night at the Emmys, although it only won 13.6% of the awards it was nominated for.

In total, Netflix was nominated for 22 Emmy awards, but only won 3. The three wins were for:

  • Outstanding Supporting Actor in a Drama Series (Ben Mendelsohn, Bloodline),
  • Outstanding Writing for a Comedy Series (Aziz Ansari & Alan Yang, Master of None (Episode: “Parents”)), and
  • Outstanding Writing for a Variety Special (Patton Oswalt, Patton Oswalt: Talking for Clapping)

Still, the trend is headed in the right direction. In 2014, NFLX took home just one Emmy, and last year, it won two.

Streaming services like Netflix and Amazon Video only started being considered for Emmys a couple of years ago, when awards consortiums were forced to include them amid a string and critically-acclaimed series. Netflix’s biggest hits include House of Cards, Orange is the New Black, Making a Murderer, Stranger Things, and more.

Netflix is playing what some critics contend is a dangerous numbers game with the sheer amount of programming it produces. The company is slated to release a whopping 71 shows in 2017 alone. With so much content, the number of shows that will lose money continues to grow as well.

NFLX-2016-09-19

Netflix shares rose slightly in morning trading Monday to $100.07. Year-to-date, NFLX has fallen 13% amid weaker-than-expected subscriber growth and increased competition from other streaming services.

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