Netflix Stock Sinks To 6-Month Low As 'Arrested Development' Disappoints Critics

Not all is well after the long-awaited return of cult hit "Arrested Development" on Netflix streaming, with the company's stock taking a hit in addition to its goodwill amongst critics.

On Tuesday, Netflix's stock dropped more than 6%, marking the biggest one-day drop for the company in nearly six months, reported The Washington Post.

Some might be surprised by the news, given that initial estimates counted roughly twice as many viewers during the show's premiere weekend as Netflix's last smash hit, "House of Cards," according to network intelligence company Procera.

"It got attention," said Procera's VP of global marketing Cam Cullen.

"It doesn't necessarily say that long term it will be a bigger success. The measure of any series is its longevity, getting people to come back."

Check out the Season 4 "Arrested Development" trailer below:

Others believe the tepid response to the revival from critics to be a contributing factor to the drop in stock, with New York Times critic Mike Hale writing, "Chalk one up for the Internet: It has killed "Arrested Development.""

Unlike "House of Cards," which has reportedly gained Netflix more than 2 million subscribers, it's hard to tell the long-term effect of "Arrested Development" just yet, and an overreaction on the stock market is not expected.

IDC analyst Greg Ireland expects the dust won't settle on the effects of the new series for Netflix until late July, when the company typically releases the number of new subscribers from April to June.

"This is a new media where you get to see all the episodes at one," said "Arrested" creator Mitch Hurwitz.

"Maybe they should all happen at the same time."

With this new viewing strategy, Netflix hopes to add as many as 880,000 U.S. subscribers by June.

For now, it seems, the stock market isn't buying it.

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